OK to sell properties in capital raise  - Zimbabwe Situation

Struggling OK Zimbabwe to offload 4 stores in US$10.5 million bid to escape debt trap – Nehanda Radio

OK Zimbabwe Limited, one of the country's prominent retail groups listed on the Zimbabwe Stock Exchange, is embarking on a significant asset disposal plan, including the sale of four of its supermarket properties, as it grapples with severe financial distress. The post Struggling OK Zimbabwe to offload 4 stores in US$10.5 million bid to escape debt trap appeared first on Nehanda Radio.

OK Zimbabwe to sell properties in Capital raise

OK Zimbabwe Limited has announced a comprehensive capital raise initiative involving property disposals and a shareholder rights offer. The retail giant plans to generate approximately $10.5 million through the sale of selected properties while maintaining operations at key locations through leaseback agreements. This forms part of a broader $30 million financial restructuring plan announced last … The post OK Zimbabwe Plans To Sell Properties I…

OK to sell properties in capital raise  - Zimbabwe Situation

Source: OK to sell properties in capital raise -Newsday Zimbabwe OK Zimbabwe Limited has unveiled plans to sell some properties to raise part of the required US$30 million to stabilise its operations. Last month, OK revealed that discussions were underway for a US$30 million capital raise to  clear its debt with suppliers. In a circular to shareholders yesterday, OK said it would raise US$20 million from existing shareholders and the planned sal…