“Following an in-depth strategic review the shareholders of TransCentury Limited are advised that the company has decided to embark on a fundraising programme over the course of the next six months,” the firm said in newspaper announcement.
NSE-listed Investment firm TransCentury plans to raise funds to finance its projects in the next six months, the company’s board has announced.
The firm wants cash to refinance the Sh5.8billion (USD 56.8m) convertible bonds that are due on March 25 next year and boost growth capital for existing power and engineering businesses and financing of infrastructure projects across sub-Saharan Africa.
“Following an in-depth strategic review the shareholders of TransCentury Limited are advised that the company has decided to embark on a fundraising programme over the course of the next six months,” the firm said in a newspaper announcement.
Subject to approval
TransCentury’s infrastructure projects include power generation plants, toll roads and oil pipelines.
