Hii Kenya, ukishinda kwa mambo ya Tutam, Wantam, Hekaya za Riggy G, GenZ things, na fake liquor and fake lifestyle things, utapitwa na opportunity mingi ukidhani nothing is working in this Kenya.
Wewe angalia mambo yako na familia yako, zingine utadeal nazo at the right moment
Cable Experts Limited is set to acquire TransCentury’s 68.37% stake in East African Cables Plc, which is currently under administration.
— The transaction covers 173.07M ordinary shares held by Cable Holdings Kenya Limited, a wholly owned subsidiary of TransCentury Plc, which is under receivership.
— Cable Experts says the deal will help retire East African Cables’ secured bank debt and support the continuation of its cable manufacturing business as a going concern.
— The buyer will seek exemption from making a mandatory takeover offer to minority shareholders, arguing the transaction is part of insolvency proceedings and is structured to preserve the business.
— Trading in East African Cables and TransCentury shares remains suspended on the NSE, with resumption expected only after completion of the transaction and termination of administration.