HARARE, August 10 (The Source) – Stalap Investment’s offer to CFI minority shareholders flopped with no takers as minorities wait for a higher offering on the local bourse.
HARARE, August 7 (The Source) – The Securities and Exchange Commission (SECZ) says CFI Holdings minority shareholders should disregard an informal offer by Messina Investments which it says undermines the integrity of the market and transparency in trading of equities on the local bourse.
By Simbarashe Zishiri, HARARE, July 31 (The Source) – The Zimbabwe Stock Exchange is struggling to bring order to the bourse after gloves came off in the fight for control of agro-industrial group, CFI Holdings pitting British tycoon Nicholas Van Hoogstraten’s Messina Investments and Zimre’s… Read More
HARARE, July 27 (The Source) – British tycoon, Nicholas Van Hoogstraten on Thursday made a counteroffer to CFI minorities, at 46 cents per share more than double the offer by Stalap as the two rivals intensify their battle for control of the agro-industrial group.Zimre Holdings… Read More
By Simbarashe Zishiri, HARARE, July 21 (The Source) – Agro-industrial group CFI Holdings on Thursday traded at 31,05 cents, 41 percent above Stalap’s minority offer price of 22 cents, raising the possibility of a bidding war among shareholders defending their interests in the agro-industrial group.… Read More
HARARE, July 13 (The Source) – Zimre Holdings Limited’s investment vehicle, Stalap Investment on Thursday made a mandatory offer to all CFI Holding Limited minority shareholders at 22 cents per share after clearance from the Zimbabwe Stock Exchange (ZSE) listing committee.
HARARE, May 5 (The Source) – CFI Holdings on Friday said the group narrowed its after-tax loss to $272,784 in the six months to March 31, from a $6,1 million loss incurred in the prior half year-end, supported by the improved performance of its Farm… Read More
HARARE, March 31 (The Source) – CFI Holdings recorded a 24 percent increase in revenue to $22,6 million in the five months to February 2017 from $18,1 million in the same period last year. Acting chief executive Timothy Nyika told shareholders on Friday that the… Read More
HARARE, March 29 (The Source) – Zimre Holdings is set to make a mandatory offer to compulsorily buy out minority shareholders in CFI after it raised its shareholding in the company to 41,03 percent, said company secretary Panganayi Hare in a statement. Zimre Holdings through… Read More
HARARE, March 8 (The Source) – Agrifoods is expected to resume operations in May after securing grain deal while awaiting capital injection of $5 million from its shareholders, creditors were told on Wednesday. Agrifoods, Crest Poultry Group (CPG) and Manicaland Farmers are CFI subsidiaries which… Read More
By Plaxedes Sibanda, HARARE, October 5 (The Source) – CFI Holdings’ subsidiary, Crest Poultry Group (CPG) is seeking $5 million from shareholders for working capital to restart operations at its Agrifoods unit. Agrifoods, Crest Poultry Group and Manicaland Farmers are CFI subsidiaries which were placed… Read More
HARARE, July 15 (The Source) – CFI Holdings has seen revenue for the 8 months to May 31 falling by 45 percent to $23,1 million but expects to reduce the loss amount by year end. CFI is the holding company of agro-industrial entities Agrifoods, Crest… Read More
HARARE, June 20 – (The Source) British property magnate, Nicholas van Hoogstraten, could make a mandatory offer to CFI Holdings minority shareholders after raising his stake in the diversified listed firm to 35 percent. Through his investment vehicle Willoughby’s Investments Private Limited, van Hoogstraten has raised… Read More
HARARE, June 2 (The Source) – Diversified agro-industrial concern CFI Holdings’ loss for the half-year to March 31 widened to $6,1 million from $3,8 million last year, as low capacity utilisation and inadequate working capital weighed down operations. CFI is the holding company of agro-industrial… Read More
HARARE, May 13 (The Source) – Agro-industrial group CFI holdings on Friday reported an after tax loss of $25 million in the full year to September compared to $9 million last year, as revenue plummeted by over a quarter. CFI is the holding company of… Read More