Red Star to raise N1.3bn via rights issue
RED Star Express Plc is in the stock market to raise N1.3 billion fresh capital by way of Rights Issue to existing shareholders. The company is offering 336,855,291 ordinary shares of 50 Kobo each at N4 on the basis of four new ordinary shares for every seven shares held as at August 2019. The offer opened on Monday, November 11,2019.
