Published: 02 February 2018

British business tycoon Nicholas van Hoogstraten has ruled out a rights issue and borrowings at the diversified concern CFI Holdings Ltd, saying his family will provide any funding requirements at the group.

The businessman, who pushed out directors from a rival group last year, says can fund the company.

According to Hamish Rudland, a major shareholder in CFI, the group needed US$12 million in new capital.
- Zim Ind

You might also want to read this

• CFI holdings Limited reports ZWL$7,2 million profit after tax
• CFI divisions get $33 million working capital
• CFI battling with legacy rot
• CFI Holdings spills the beans on 28 ZSE counters
• Suspended CFI remains defiant
• Shareholders blame ZSE for CFI 'saga'
• Mystery CFI offer baffles market
• CFI.zw | Market Update
• CFI.zw | Market Update
• CFI.zw | Board Changes