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Nairaland Forum / Nairaland / General / Investment / Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc (351 Views)
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Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc by Investogist: 7:35am On Sep 15, 2020 |
Socfinaf S.A, the major shareholder of The Okomu Oil Palm Company Plc acquired an additional 2.011 million shares of the company at an average price of N78.72 per share to increase its stake to 63.20%. This information was contained in a corporate release by the company notifying the Nigerian Stock Exchange and the Investing public about share dealing by the insider. Socfinaf S.A, who prior to this share purchase owned 600.867 million shares of the palm oil producer, representing 62.69%, is the only shareholder with... Read full article at https://investogist.com/socfinaf-s-a-of-luxemburg-now-own-63-20-of-okomu-oil-palm-plc/ |
Re: Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc by daddytime(m): 7:49am On Sep 15, 2020 |
Huh? How is a foreign entity allowed to own more than 49% shares? |
Re: Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc by Mide3367: 4:50pm On Sep 15, 2020 |
daddytime:no answer op. He dey find traffic for him blogsite |
Re: Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc by Investogist: 4:37pm On Sep 19, 2020 |
daddytime: Foreign individuals or entities can own up to 100% shares of a company in Nigerian. But the 49% vs 51% ownership rule applies only if the said company is bidding for oil and gas project in Nigeria or other specifications. Sorry for the late response, we have been having issues responding to comments. |
Re: Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc by Investogist: 4:43pm On Sep 19, 2020 |
Mide3367: The information posted is accurate information and his question has been responded to. The delay in response was due to glitches we had in responding to comments in the past few days. Kind regards. |
Re: Socfinaf S.A Of Luxemburg Now Own 63.20% Of Okomu Oil Palm Plc by daddytime(m): 4:48pm On Sep 19, 2020 |
Investogist: Oh! Thanks, for the clarifications. 1 Like |
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