CFI Holdings Limited - Cautionary Statement

CFI Holdings Limited - Cautionary Statement
Published: 23 January 2012 (1680 Views)
CFI Holdings Limited directors are advising shareholders to exercise caution in trading their shares as the company is currently engaged in discussions that may impact the value of the company's shares.

The discussions include, negotiations with potential strategic partners regarding investments in Victoria Foods (Private) Limited and Crest Poultry Group (Private) Limited.

Non-disclosure agreements have thus been executed with interested parties and a due diligence process been commenced. The conclusion of the investment initiatives is expected to bring capital and enhance the core operating division's efficiencies.  

In addition, in order to strengthen the company's financial position, the Board has proposed undertaking a capital raise transaction at the Holding Company level, involving a combination of an appropriate equity and appropriately priced medium and long term debt.

Furthermore, initiatives relating to the disposal of no-core assets are continuing with specific efforts to dispose of the Company's shareholding in the Beira Grain Terminal and in Windmill (Private) Limited. The proceeds from the disposals are intended to be applied towards reducing expensive local debt.  

Results for the year ended 30 September 2011 are expected to be published on the 31 of January 2012.

- Byo24News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Botswana President survives near-chopper crash

by Mandla Ndlovu | 22 July 2019 | 54 Views

Econet fires warning shot

by Mandla Ndlovu | 22 July 2019 | 63 Views

Panic as General Chiwenga is airlifted to China

by Mandla Ndlovu | 22 July 2019 | 99 Views

Botswana President survives near-plane crash

by Mandla Ndlovu | 22 July 2019 | 79 Views

The Gems deserve better than that Chipe... something

by Thomas Murisa | 22 July 2019 | 72 Views

The Avenues Clinic donates to Chipinge district hospital

by Staff reporter | 22 July 2019 | 66 Views

Should the Marriage Certificate incorporate an Expiry Date?

by Tondorindo | 22 July 2019 | 96 Views

Tsvangirai-Java's young brother guns for Glen View South seat

by Staff reporter | 22 July 2019 | 99 Views

Tshinga Dube refuses to vacate offices

by Staff reporter | 22 July 2019 | 113 Views

Mnangagwa's Youth league in sensational U-turn

by Staff reporter | 22 July 2019 | 135 Views

Mnangagwa escalates efforts to befriend USA, Europe

by Staff reporter | 22 July 2019 | 76 Views

DStv launches new 24-hr news channel

by Staff reporter | 22 July 2019 | 84 Views

Zimbabwe govt rules out nuclear power

by Staff reporter | 22 July 2019 | 82 Views

Convict Japajapa to apply for bail at High Court

by Staff reporter | 22 July 2019 | 70 Views

'Mnangagwa's secretary runs parallel government'

by Mandla Ndlovu | 22 July 2019 | 129 Views

New fuel prices announced

by Mandla Ndlovu | 22 July 2019 | 91 Views

Parliament of Zimbabwe exposed

by Nicholas Ncube | 22 July 2019 | 93 Views

WATCH: God appears live at Bushiri's church

by Mandla Ndlovu | 22 July 2019 | 122 Views

Unusual majors in US military academies

by Staff Writer | 22 July 2019 | 88 Views

High taxation threatens mining viability

by Dennis Shoko | 22 July 2019 | 65 Views

Talking Nkayi Development: 'No cry babies on their mothers' backs!'

by Nhlanhla Moses Ncube | 22 July 2019 | 62 Views

NPRC spells out Gukurahundi strategy

by Staff reportr | 22 July 2019 | 66 Views

ICT experts propose changes to Cyber Bill

by Stafff reporter | 22 July 2019 | 85 Views

'Rogue NGOs worry Mnangagwa's govt'

by Staff reporter | 22 July 2019 | 86 Views

'Masvingo solidly behind Mnangagwa'

by Staff reporter | 22 July 2019 | 75 Views

Manica strike late to denies Bosso maximum points

by Staff reporter | 22 July 2019 | 71 Views

Student loans re-introduced

by Staff reporter | 22 July 2019 | 76 Views

Corrupt passport officials warned

by Staff reporter | 22 July 2019 | 56 Views

'Beware of regime change agents'

by Staff reporter | 22 July 2019 | 63 Views

NRZ refurbishes 10 locomotives, 336 wagons

by Staff reporter | 22 July 2019 | 71 Views

'No fix to illegal forex trade'

by Staff reporter | 22 July 2019 | 80 Views

Zacc probes Lands Commission

by Staff reporter | 22 July 2019 | 74 Views