Halden McCall to list N11.98bn shares on NGX

Real estate and hospitality group, Halden McCall Plc, has concluded plans to list N11.98bn ordinary shares of 50 kobo at N3.84 each on the Nigerian Exchange Limited.

In a statement, the firm said that the listing by introduction on the NGX had been approved by regulatory authorities.

The listing on the Main Board of the local bourse, which is set to happen in November, will see N11.98bn added to the market capitalisation.

“The upcoming listing of our company’s shares on NGX is a milestone. We are thrilled to join the NGX community of prestigious companies. The listing shall enhance our ability to provide our shareholders with liquidity and accessibility. It will also enable us to tap into the capital market and drive growth and expansion,” said the Group Managing Director of the firm, Dr Edward Akinlade.

Halden McCall owns the popular Suru Express Hotels brands and Suru Homes brand in West Africa.

Incorporated on March 27, 2012, as a private limited company with a focus on the real estate business, the company has successfully developed and marketed luxury residential apartments in the Ikeja GRA neighbourhood of Lagos.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]