UPDC ups capitalization with fresh N16bn worth right issue

equities, capital market, NSE NSE, equities, Index, ASI, Investors

UACN Property Development Company Plc (UPDC) has raised fresh N15.962 billion from the capital markets through right issue as part of its recapitalisation and structuring efforts to boost its operation. It acquainted the investing community and the general public with the development earlier this week at the Nigerian Stock Exchange (NSE) announced listing of additional 15,961,574,145 ordinary shares of the company. “Dealing Members are hereby notified that additional 15,961,574,145 ordinary shares of UACN Property Development Company Plc (UPDC or the Company) were today, Tuesday, 2 June 2020 listed on the…

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