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Zimplow seeks TPHL takeover
NewsDay Staff ·
LISTED manufacturer and distributor of agro implements Zimplow Limited is seeking shareholder approval to increase its shareholding in Tractive Power Holdings Limited (TPHL) to 100% to enable it to unlock value for shareholders through the diversification of products.
Report by Victoria Mtomba Business Reporter
Zimplow currently has a 57,21% shareholding in TPHL.
The company’s shareholders are expected to approve the takeover at an extra-ordinary general meeting that will be held on January 14.
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