Kenya Airways’ #ticker:KQ plan to raise more than Sh1.5 billion by selling new shares to small investors at a huge discount faces uncertainty after the airline blurred the timing of the proposed transaction.
The company says in a circular that guided its balance sheet restructuring that the open offer will expire on the later of the conclusion of its annual general meeting for the year ended March 31, 2018 and the close of business on March 31, 2019.
