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Entrepreneur's Corner

3 Days Remaining For You To Take Up Your Full Rights In HF Group

BY Juma · December 6, 2024 06:12 am

KEY POINTS

A total of 769,228,336 ordinary shares at the Offer Price of KES 4 per share were flooded by HF Group as well as giving an option to Shareholders to subscribe for additional shares without restriction to their initial entitlement amounting to 384,614,168 ordinary shares.

Are you an existing HF Group investor? Do you have existing shares with them? Have you applied to take up your full rights in the company during the current running Rights Issue? If you haven’t, you are running out of time. Only three days remaining.

A Rights Issue is an invitation from a company to its existing shareholders to purchase additional shares in the company. A Rights Issue is one of the capital market instruments through which a company may raise additional capital.

Read More: HF Group Floods The Market With 769,228,336 Ordinary Shares At Ksh 4 Per Share

The current Rights Issue by HF Group is going for Ksh 4 per share and is open for existing shareholders. This is an opportunity for you to increase your stake in the company that is now making some massive profits with the latest Q3 results ballooning by 105 percent.

A total of 769,228,336 ordinary shares at the Offer Price of KES 4 per share were flooded by HF Group as well as giving an option to Shareholders to subscribe for additional shares without restriction to their initial entitlement amounting to 384,614,168 ordinary shares.

Read Also: HF Group’s Profits After Tax Spike By 105%

HF Group announced their profits after tax that increased by 105 percent, hitting 483 million shillings, a 247 million shillings rise as compared to the previous period.

“Year to date, our short-term plan has taken off well with each of the three active subsidiaries closing on a positive note with each registering a positive PBT in Q3-24. We have delivered a successful year so far,” said HF Group in a statement to the media.

During the period, total customer deposits registered a year-on-year growth of 1.2 billion shillings while total assets registered a year-on-year growth of 4.9 billion shillings.

Read Also: Why HF Group’s Rights Issue Is The Opportunity You Can’t Ignore

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

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