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UPDC raises N16bn, gears up for unbundling, repositioning

UACN Property Development Company Plc (UPDC) held a virtual closing gong ceremony to mark its successful N16bn Rights Issue at The Nigerian Stock Exchange on Tuesday 2nd June 2020. The offer which was oversubscribed indicates investor confidence in the company’s future growth prospects. Proceeds from the Rights Issues have been used to improve UPDC’s capital structure and position the company for growth.

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