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Kap Industrial Holdings Ltd (KAPJ.J)

KAPJ.J on Johannesburg Stock Exchange

723.50ZAc
18 Apr 2019
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3.50 (+0.49%)
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Wed, Mar 27 2019

South Africa's Steinhoff raises $332 mln from KAP Industrial stake sale

JOHANNESBURG, March 27 Troubled South African retailer Steinhoff International Holdings NV said on Wednesday it had raised 4.8 billion rand ($332 million) from the sale of its 26 percent stake in KAP Industrial Holdings Ltd .

CORRECTED-UPDATE 1-Steinhoff to place up to 694 mln shares in KAP Industrial

JOHANNESBURG, March 26 Troubled South African retailer Steinhoff said on Tuesday it would place up to 694 million shares in KAP Industrial via an accelerated bookbuilding to raise cash to repay debt and shore up its finances.

Steinhoff to place up to 6.94 mln shares in KAP Industrial

JOHANNESBURG, March 26 Troubled South African retailer Steinhoff said on Tuesday it would place up to 6.94 million shares in KAP Industrial via an accelerated bookbuilding in an effort to plug a liquidity gap.

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