WestProp plots mega capital raise

VICTORIA Falls Stock Exchange-listed WestProp Holdings Limited is in talks with “several parties” as it moves to ensure the success of another capital raise expected in the next three months to accelerate its projects.

The discussions come a year after an initial public offering (IPO) raised about a tenth of the amount required after shareholders subscribed to preference shares worth US$3,3 million out of the US$30 million that was on the table.

WestProp chief executive officer Ken Sharpe told NewsDay Business that the company was “getting ready” for another capital raise.

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