By Peter Egwuatu

A leading company in the real estate and hospitality industry in Nigeria, Haldane McCall PLC, is warming up to join the league of quoted companies on the main board of Nigerian Exchange Limited (NGX) through Offer by Introduction in the first quarter next year.

As a prelude to the historic listing, Haldane McCall has commenced preliminary documentations at Securities and Exchange Commission (SEC) and NGX. through its appointed parties to the listing.

In a special presentation at the Company’s Investors Forum in Lagos recently, the Group Managing Director, Mr Edward Akinlade, explained that Haldane McCall, had always operated on the strength of strategic growth, stellar returns, diversified portfolio and proven expertise.

According to him, the Company has a strong Board and Management team that comprises topnotch professionals in diverse professional backgrounds.

” We have applied for listing by Introduction on NGX. But we are awaiting regulatory approval. The listing will enhance the Company’s perpetuity and sustainability of returns and avail us more financing options in the future . We regard our shareholders as partners. We have generous dividend policy. Our company has capacity to collaborate with the government to bridge housing deficits in Nigeria.

” The company intends to expand by procuring at least one additional hotel annually over the course of the next decade at choice locations such as Lagos, Abuja, Port Harcourt, Ibadan etc. In the medium term, the Haldane McCall Group seeks to further develop 10 budget hotels. The Company intends to intensify its drive for sourcing and identifying viable investment opportunities in the African emerging markets. The strategy among others is to buy existing hotels, invest, remodel and finally rebrand for optimality.”, said Akinlade.

One of the Company’s Advisers and Chief Executive Officer , Professional Stockbrokers, Mr Dapo Adekoje noted that with its trajectory of good performance and policy of creating value for shareholders, the Company’s shares would be on high demand after the listing.

Speaking on the Company’s Corporate Social Responsibility (CSR), Akinlade said the company had always given back to the society.

According to him, recently two subsidiaries of Haldane McCall PLC, Suru Homes Limited and Suru Express Hotels Limited, renovated the Applicants Section of National Identity Management Commission (NIMC) in Lagos.