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Kwa Nokeng Oil: Institutional Investors Over-Subscribe P1.37BN Share Offer

Botswana·Wire Summary⏱️ 1 min read

Institutional investors have lined up for more Kwa Nokeng Oil shares than are available in the fuel distributor’s P1.37 billion offer, ahead of the company’s Botswana Stock Exchange debut in November. Kwa Nokeng’s prospectus shows that institutional investors have committed to buy up to 1.61 billion shares, equal to 117 percent of the 1.372 billion […]

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