Business / Economics

Savanna Beef Processors Opens Final N$6.5 Million Share Offering to Producers

today27 August, 2024

Background

Savanna Beef Processors Ltd has initiated its fourth and final private placement, inviting producers to invest in the remaining N$6.5 million of share capital says The Brief. According to Chairperson Meiki Schneider, shares will be available in N$4,000 batches for each preferential slaughter cattle. He urged producers to take advantage of this opportunity, noting that preferential slaughter rights will play a key role in quota allocations. Additionally, over-the-counter trading of shares will be introduced soon.

Written by: Leonard Witbeen