Steinhoff International Holdings NV raised R3.75 billion from the sale of shares in the embattled retailer’s African operations to further shore up its balance sheet following an accounting scandal late last year.
Steinhoff is seeking to raise about R3.8 billion rand through the sale of shares in KAP Industrial Holdings Ltd. as the embattled retailer strives to shore up its balance sheet.
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It’s been an interesting start to the trading week with political protests in Hong Kong kicking off some concerns in emerging markets. Our local bourse is weaker in morning trade down 0.13%, led once again by resource stocks. In company news, a number of stocks have gone ex-div today including Kap Industrial Holdings, African Rainbow … Read more