Several listed companies have carried unmet targets into 2019 and are now banking on key financial deals to unlock their operational potential.
Most of them are stuck in debt and falling revenues, and have prioritised fresh capital injection as a lever to turning around their fortunes in the next 12 months.
These firms will be hoping to conclude last years unfinished business early enough to get the leeway to implement targets for 2019.
Real People, a South African-linked credit-only micro-finance firm, is looking for an investor to help it convince Sh1.27 billion bondholders to wait until 2028 to get their investment back.
With accumulated losses of Sh912.6 million and a negative equity of Sh162.5 mil…
Read the full article at: https://www.nation.co.ke/business/Struggling-firms-court-investors/996-4933156-5q9ady/index.html