UPDC launches N15.96bn Rights Issue
UACN Property Development Company Plc (“UPDC” or the “Company”) has concluded arrangements to raise N=15.96 Billion via a Rights Issue (the “Rights Issue” or “Transaction”), to repay its short-term debt obligations and significantly reduce leverage. The Transaction is part of UPDC’s broader strategy to create long term shareholder value by recapitalising and repositioning the Company. […]
