Meikles seeks $50m funding

Meikles Limited is looking for $50 million to refurbish its hotels and TM Supermarket branches throughout the country as it embarks on a recapitalisation exercise, a senior official has said.

The official said $13 million from the total amount is expected to come through the Pick ‘n’ Pay deal and will go towards the refurbishment of TM Supermarkets.

“We expect to get the funding in our next financial year and also to start the refurbishment process.

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