Lonzim seek ZSE listing

BULAWAYO - Zimbabwe focused Investment Company, LonZim, has expressed plans to list on the Zimbabwe Stock Exchange in the second half of this year.

In a brief to shareholders, the companys executive chairman, David Lenigas, said Premier Banking Corporation Limited had been appointed to act as financial adviser for the listing on the ZSE. LonZim believes that the Proposed ZSE Listing will help strengthen the growth prospects of the company and therefore maximise the value of the company and its shares.

The proposed dual listing of LonZim in both London and Zimbabwe is an important step forward for the company, and positions LonZim with strong foundations as the Zimbabwean economy recovers, said Lenigas. Lenigas noted that the proposed ZSE Listing would facilitate direct investment in LonZim by Zimbabwe residents, corporations and financial institutions and also support Zimbabwe business as it rebuilds in line with the companys objective of playing an integral role in the revival of the economy. The listing will provide the company with additional opportunities to access capital for growth, its future expansion and the further implementation of its existing plans, he said. LonZim representatives said they were upbeat about Zimbabwes future.

The people of Zimbabwe remain one of the most industrious, valued and skilled workforces on the Continent, the basic infrastructure across the country is strong and Zimbabwe remains a beautiful destination with significant tourism and agricultural potential. The opportunity for the country to once again become a leading African economy remains tantalisingly available, said LonZim chief executive, Dave Lenigas.

Post published in: Manufacturing

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