Audio By Carbonatix
Mobile phone and computer assembling firm, RLG Communications has now settled on listing on the Stock Exchange without raising capital.
This will see the company list the whole value of the business without issuing any new shares for capital.
The firm had originally indicated it would offload 45 percent of its business on the stock market to raise about 70 million dollars for expansion of projects by June this year.
Group chairman of RLG Roland Agambire disclosed this to Joy Business at a briefing to launch its 10 anniversary.
He explained “it is not about having too much capital or is not about being forced. Nobody forces people to go to the stock exchange.
“Stock market is one way of raising capital and another way you can be there and just trade.
“One of the key things you want to do is to have value for the organization and let other investors also have trust and then the environment within where you operate must have trust,” he said.
If successful, RLG will be the first indigenous firm in the country to list on the exchange without raising capital.
RLG has already settled on investment firm IC Securities as the sponsor of its IPO.
The company which began operations as a mobile assembling firm, now has operations in Nigeria, Seirra Leon and The Gambia
Meanwhile the company has launched RLG Foundation to help improve water supply in rural communities.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Education in Review: 2025 marks turning point as Mahama resets Ghana’s education sector
2 minutes -
Nigeria AG orders fresh probe into alleged intimidation and assault of Sam Jonah’s River Park estate staff
8 minutes -
Concerned Small Scale Miners commend GoldBod’s efforts in addressing gold smuggling
18 minutes -
Haruna Mohammed claims Ghana Audit Service undermined
24 minutes -
5 members of notorious robbery syndicate in Tema, Accra arrested
25 minutes -
BoG, SEC and FIC hold Joint sensitisation workshop for Virtual Asset Service Providers
31 minutes -
How Nico Cantor became one of the top voices in American soccer
1 hour -
Ghana colorectal cancer patients face low survival rates, KNUST study finds
1 hour -
Police arrest suspect in GH₵ 7.5m daylight robbery at Adabraka
2 hours -
Armwrestling: The Golden Arms’ 2025 Triumph and an Era of Unprecedented Victories
2 hours -
Ghanaian researcher wins ASCE editors’ recognition for modular construction study
2 hours -
Corruption fight: I don’t think there’s political persecution or witch-hunting – Edem Senanu
2 hours -
Police deploys personnel to heighten security ahead of watchnight services
2 hours -
Education in Review: 2025 marks turning point as President Mahama resets Ghana’s education sector
2 hours -
The Cedi ressurection: Goldbod didn’t promote Galamsey to strengthen It
2 hours
