Business / Companies
Zimplow's new shares commence trading on the ZSE
11 Mar 2013 at 06:08hrs | Views
Zimplow Holdings new shares commenced trading on the ZSE this morning with about 1.136 million shares changing hands at 4.5c, a premium of 28.57% on the last trading price of 3.5c.
Finance minister Tendai Biti commended Zimplow Holdings saying as government it gives them pleasure each time there is positive activity on the ZSE.
"ZSE plays a critical role in the economy. We take this as a sign of confidence in the economy. We are happy to note increased interest in our stock market…This is a vote of confidence in this economy and in the potential of this economy," said Biti.
Commenting on elections, Biti said he is assertive that the country will have a successful referendum at the weekend noting that, "peace and stability are important for a sustainable Zimbabwe."
On the automation of the ZSE Biti said, "we are pained by slow progress of automation of trades, demulisation… The transformation is for the best interest of Zimbabwe."
Zimplow acquired Tractive Power Holdings as a move to further consolidate the company's position in the agriculture sector and benefit from the expected growth in demand for engine-drawn implements.
ZSE chairperson Eve Gadzikwa said this move by Zimplow "contributes to the success of rebuilding Zimbabwe as well as create wealth for the shareholders."
Finance minister Tendai Biti commended Zimplow Holdings saying as government it gives them pleasure each time there is positive activity on the ZSE.
"ZSE plays a critical role in the economy. We take this as a sign of confidence in the economy. We are happy to note increased interest in our stock market…This is a vote of confidence in this economy and in the potential of this economy," said Biti.
Commenting on elections, Biti said he is assertive that the country will have a successful referendum at the weekend noting that, "peace and stability are important for a sustainable Zimbabwe."
On the automation of the ZSE Biti said, "we are pained by slow progress of automation of trades, demulisation… The transformation is for the best interest of Zimbabwe."
Zimplow acquired Tractive Power Holdings as a move to further consolidate the company's position in the agriculture sector and benefit from the expected growth in demand for engine-drawn implements.
ZSE chairperson Eve Gadzikwa said this move by Zimplow "contributes to the success of rebuilding Zimbabwe as well as create wealth for the shareholders."
Source - zfn
