Wetin dey happen my people? E be like say Multi-Trex Integrated Foods Plc don get sweet news from Nigerian Exchange, gist wey sabi!
Dem don approve make dem waka go increase the public shareholding wey don drop after the company recapitalisation. You sabi say dem don face wahala of seven years wey dey limit their operations? Na so N-Foods Universal Concept Limited come step in to help dem settle wetin dem owe to Asset Management Corporation of Nigeria.
As e be, N-Foods now don get 70% control of Multi-Trex shares, and their public free float dey chill at 7.23%, which na N117.46 million wey no dey meet NGX requirement of 20%. So, na why dem don give Multi-Trex 24 months to fit upgrade their status, make dem no go face wahala for trading suspension or even delisting from market. Wetin be your take on top this matter, e fit be win-win if dem fit gather the fans join their shareholding.
According to wetin dem talk for statement, dem thank shareholders for their patience as dem dey try to recover koro-koro. Dem dey optimistic say with dis new approval, dem go fit boost their public participation as dem dey plan for better strategies. E no go easy, but with good minds and smart moves, dem fit do am!
Overall, this NGX approval be like light at the end of the tunnel for Multi-Trex, wey dey try make sure say dem maintain their presence for the market while still dey revamp wetin remain of their operations.
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