- HF Group plans to raise KSh6 billion to restore core capital and support growth amid economic challenges
- Rights issue offers discounted shares to existing shareholders, with potential oversubscription provision
Nairobi, Kenya – Kenya’s HF Group is set to raise up to KSh6 billion ($46.5 million) via a rights issue to shore up its core capital after a decline by June 2024 affected its capacity for growth. The initiative follows a trend among Nairobi Securities Exchange-listed firms pursuing recapitalisation amid a challenging economic climate marked by rising loan defaults.
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