Daily News; Friday,September 12, 2008 @08:01
TRADING of shares of the Dar es Salaam Community Bank (DCB) at the Dar es Salaam Stock Exchange (DSE) will begin next Tuesday, it was announced yesterday.
The Chairman of DCB Board of Directors, Mr Paul Rupia, said those wishing to sell their shares would be free to do so on Tuesday.
He said that following the oversubscription of the firm’s initial public offer (IPO), the Bank of Tanzania (BoT) on August 28, granted it approval of its revised business plan.
He said: “Under the revised plan the bank (DCB) will retain 5.2bn/-, the whole amount that was raised during the IPO.
“The amount exceeded what was earlier provided in the prospectus.” More...
[SOURCE: DAILY NEWS]
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