ABC Transport Plans N1.4bn Capital Injection

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Goddy Egene

ABC Transport Plc is planning to inject additional capital of N1.4 billion into its operations. The capital would be raised through right issue and bond from existing shareholders and the open market.

The directors are seeking the approval of shareholders to raise the capital at the annual general meeting (AGM) of the company slated for November 27, 2020, in Owerri, Imo State.