Willdale raises $3,3 million for recapitalisation

WILLDALE Limited has raised $3,3 million through a rights issue in a development which will put in motion plans to recapitalise the company, an official has said.

Speaking at the company’s annual general meeting in Harare yesterday, chief executive officer Clifford Mushambadzi said whereas $5 million was required for the recapitalisation, only $3,225 million had been raised.

“The capital raising has brought a new lease of life into the company and it’s going to transform the company after so many months scouting for investors,” he said.

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