First Holdco PLC Achieves Record High Shares After Meeting CBN Capital Requirement
First Holdco PLC's shares soar to record levels following the successful meeting of CBN's N500 billion capital requirement. The company achieved this milestone through strategic capital initiatives, including rights issues, private placements, and divestments.
Billionaire investor Femi Otedola recently increased his ownership in the company, acquiring additional shares worth N14.8 billion. This move comes after First Holdco completed the full divestment of its merchant bank subsidiary and strengthened its financial resilience.
The company is now well-positioned for business expansion, technological innovation, and pursuing new opportunities in the market.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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