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Browsing: IPO listing on Victoria falls stock exchange
- WestProp Holdings Limited says it is on track to list soon at the Victoria Falls Stock Exchange (VFEX).
- The IPO offers one million ordinary shares at US$ 10 each and US$ 5.4 million preferential redeemable convertible shares at US$ 5 each.
- “WestProp’s IPO is to raise US$30 million capital to accelerate development of existing projects.
WestProp Holdings Limited, a property development and investment company, is set to list on the Victoria Falls Stock Exchange (VFEX) following the Board of Directors’ announcement of their upcoming offers.
The VFEX -a USD-indexed bourse and also a subsidiary of the Zimbabwe Stock Exchange (ZSE) has been attracting many companies since its formation over two years ago due to several sweeteners, including zero capital gains tax on share disposal and lesser transacting costs. To date, the VFEX has managed to get 9 listings.
The offers include the issuance of up to 5,400,000 convertible redeemable participating …
