Tag: TransCentury

TransCentury’s Ksh4.8B Tussle With Equity Takes A New Twist

TransCentury has announced that the company has obtained a court injunction against Equity Bank's move to appoint a receiver. According to TransCentury, the bank illegally appointed a receiver while parties were engaged in negotiations in addition to the brazen breach of procedures set out in...

TransCentury Bags Ksh800M From Rights Issue

TransCentury Group Plc has announced the successful completion of its Rights Issue, which is a significant milestone in the realization of its strategic plan. The transaction generated Ksh828 million from the sale of 752,825,555 new ordinary shares. "We are absolutely thrilled to announce the successful close...

TransCentury Subsidiary To Build Ksh30B Housing Units In DRC

AEA Ltd (AEA), a subsidiary of TransCentury PLC, has signed a memorandum of understanding (MOU) with Symbion Architect to construct housing units for Office Conglais De Controle (OCC) staff (a quality assurance body) in the Democratic Republic of Congo (DRC). The project cost estimate is...

Stuck In Deep Loss, Transcentury Takes Rights Issue Route

The proposed rights issue will be on the basis of five (5) new shares for every one (1) ordinary share held. Details of the Rights Issue will follow after shareholder and regulatory approvals. These details were revealed as Transcentury announced its financial results for the year ended 31st December 2019, in which it reported a 34% revenue growth, driven by impressive performance in two of its subsidiaries, but remained deeply in the red.

NMG Share Price Plunges as Covid-19 Chokes Business

Nation Media Group, which is restructuring its business amid a major drop in revenues, was among the biggest losers this past week.

TransCentury to Delist From the NSE

A shadow of its former self, TransCentury can only look back at when its shares of East African Cables shot from Ksh12 to an all time high of Ksh614