AFRASIA Zimbabwe Limited shareholders have approved resolutions that are expected to strengthen the group and help ease liquidity challenges facing the country. At the company's extra-ordinary general meeting held in Harare Friday shareholders endorsed, among other special resolutions, an increase in ordinary share capital, consolidation of ordinary share sapital, change of name and rebranding as well as issue of Preference Shares.
Speaking after the event, the group chairperson Sibusisiwe Bango said: "We are excited about the outcome of the EGM as it signals the dawn of new era for the group in light of liquidity challenges facing the country at large.
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