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
-
BoG pushes Africa beyond digital payments as fintech regulation drive deepens
2 minutes -
Human-to-human hantavirus transmission suspected on board stranded cruise ship, WHO says
4 minutes -
Payments, identity, regulation and infrastructure key to Africa’s digital integration – Vice President
9 minutes -
“Northern Ghana not a punishment ground” — Bernard Mornah demands Ocloo’s resignation over posting remarks
13 minutes -
China calls for Strait to be reopened ‘as soon as possible’ in Iran talks
15 minutes -
KNUST launches injury prevention centre to boost research, policy action
15 minutes -
Oil prices drop after reports of deal to end Iran war
15 minutes -
Tennis: Ghana faces demotion from Davis Cup and Billie Jean Cup over funding crisis
30 minutes -
3i Africa Summit: Ghana to pilot continental digital trade corridor with African partners
31 minutes -
Minority leader accuses EOCO of ‘harassment’ in re-arrest of Buffer stock Ex-CEO, wife
55 minutes -
Gbankor Bricks and tiles funds solar-powered borehole for Paali community
1 hour -
Callistus Mahama warns against early succession talks, urges discipline and focus on governance
1 hour -
Inherited legal education system not fit for purpose — Ansa-Asare
1 hour -
FOX Sports seeking a ‘Chief World Cup Watcher’ for $50,000
1 hour -
Miracles Aboagye urges Linda Ocloo to step down over controversial Northern posting comment
1 hour