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Longhorn gets nod to hold Sh. 530 million rights issue

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Capital Markets Authority (CMA) has given Longhorn Publishers the greenlight to raise Sh530 million through a rights issue. Longhorn will issue 126 million newly created shares at Sh4.20 , at a ratio of 0.86 shares for every share held. Longhorn intends to use up to Sh80 million for regional expansion while another Sh100 million will

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