Saturday, June 15, 2024

Finance Bank to offload shares on the stock market

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Dr Mathani displays stitches from his open heart operation in South Africa recently. This was during a press briefing in Lusaka.

Finance Bank Zambia Chairman Rajan Mahtani has disclosed that the bank intends to offload shares on the stock market by 2013.

Dr. Mahtani says the listing will be simultaneous on the Lusaka, Johannesburg and London Stock exchanges.
He told journalists at a media briefing that the intention of the listing is to empower Zambians who will be allowed to own a stake in the bank.

Dr. Mahtani says the Zambian people will also be expected to receive more financing from the Bank especially those in business like SME’s.

He disclosed that 40 percent will be offloaded in the initial phase while 20 percent of the credit Suisse shares will also be sold on the stock exchange.

Meanwhile, Dr. Mahtani disclosed that credit Suisse has withdrawn its case against the Zambian government over its shares in Finance bank that it deemed had been wrongly repossessed by the state.

At the same briefing, Dr. Mahtani said the bank is investigating the engagement of a South African forensic firm ENS, a law firm that had been contracted by the previous bank owners to investigate him.

MUVITV

13 COMMENTS

  1. Why is credit suisse leaving?

    So the public (new shareholders) can stomach more risk than credit suisse?

    And why was than con trying to ‘prove’ he had a operation, he should have shown you his chest scar if he has one not those self inflicted scratches on the leg.

  2. Heart operation is done on the nchafu? Oh now he has fully recuperated to hold press briefings but to sick to go to court.

  3. For as long as a TRICK-STAR is at the helm of Finance Bank, only a heap of FOOLs will dare buy shares being floated by Mathani. The “heart” surgery on Mathani must be extended to forensic a surgery on the state of Finance Bank. Besides, who hired the Chopper that Sata used during the election period?

  4. This listing will show whether Zambians are smart investors. It will be interesting to see if it will perform as well as all other companies that were oversubscribed on there initial listing on Luse.

  5. Ha ha ha! Investing in Mahtani’s Finance Bank listed shares is liking leaving your little lamb to be looked after by a hyena!

  6. The Late Pat Puta had shares in Finance Bank which will be more than any of you may invest in the listing that will be made. Ask the Estate of the Late Pat Puta how much they got from the shares they “hold” in Mahtani’s Finance Bank. That will be the fate of all those who will be foolish enough to invest in Finance Bank listed shares.

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