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HF prepares for capital raise with Sh2.5bn shares
HF Group company secretary Regina Anyika (left) and Richland Dam Estate Limited chairman Stephen Njoka (second left) present a dummy key to Moses Sirengo and Jacqueline Lusige, home owners at Richland Pointe, during the hand over on May 16, 2019. PHOTO | SALATON NJAU | NMG
Mortgage financier HF Group #ticker:HFCK has created new 500 million ordinary shares valued at Sh2.5 billion, making room for for capital raising in the future.
The new authorised shares were approved by shareholders during the recent annual general meeting, doubling the mortgage lender’s units of authorised stock to one billion and and taking the nominal share capital to Sh5 billion.
