Nigeria: Shareholders' Group Tasks Royal Exchange on Recapitalization

12 October 2014

SHAREHOLDERS group under the aegis of Renaissance Shareholders Association , have urged management of Royal Exchange Plc to ensure that a well planned recapitalisation of the company to the tune of N50 billion, urging them to consider restructuring its business into a Group structure.

The restructuring, according to the association would comprise at least five subsidiaries in view of its recent upgrade to financial institution's status by the Nigerian Stock Exchange, NSE.

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