Sporting Club Accra Hearts has finally gotten the all-clear to list on the Ghana Stock Exchange.
The approval came Thursday from the market regulator, the Securities Exchange Commission, after an initial application was faulted.
The club is however expected to meet some conditions before going public.
Hearts of Oak Board Chair, Commodore Mensah told Joy Business they are working hard towards listing before the end of March.
He said managers of the club were aware of the challenges that will come with the listing but were determined to brave them.
The club is hoping to raise 5 million Ghana cedis by floating 10 million shares at 50 Ghana pesewas each.
Part of the money will be used to defray debts. and the rest will go into infrastructure development.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Mahama directs enhanced security at markets amid fire incidents
9 minutes -
Songor Lagoon dispute: Ada MP urges calm, assures residents of Mahama’s intervention
11 minutes -
Spotify and Sony Music Publishing hosts Music Publishing Camp in Ghana
14 minutes -
I’ll not compromise on the interest of Ghana – Dr Ayine
44 minutes -
Monetary finance must be eliminated – Ato Forson
56 minutes -
We’ll review, analyse, and ensure proper accountability – Jinapor on Gold for Oil policy
1 hour -
Jinapor unveils ambitious plan to revive dormant refinery
1 hour -
Breaking barriers: The inspiring tale of a single mother who achieved her PhD dreams on a foreign land
1 hour -
Afenyo-Markin walks out on Appointment Committee during Ayine vetting
1 hour -
KNUST appoints Kwasi Debrah as Digital Communications Officer
2 hours -
Volta Region to receive fair share of appointments in Mahama’s gov’t – V/R NDC Chairman
2 hours -
Timely and strategic approach to revitalise Ghana’s agricultural sector is needed – Klutse Kudomor
2 hours -
Fuel supply, financial challenges top priorities for energy sector – John Jinapor
2 hours -
We won’t engage in sole sourcing for ECG private sector participation – Energy Minister-designate
2 hours -
Photos from John Jinapor’s vetting for Energy Minister role
2 hours