CFI seeks Victoria Foods exit from judicial management
Agro-Industrial group CFI Holdings Limited is pursuing the removal of Victoria Foods from judicial management as the group seeks to bolster its contribution to national food security.
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Agro-Industrial group CFI Holdings Limited is pursuing the removal of Victoria Foods from judicial management as the group seeks to bolster its contribution to national food security.
Listed agro group CFI Holdings Limited (CFI)’s Harare South property has been seized by a Zanu PF apparatchik who is parceling out the land illegally at $30 for 300 square metres.
The Zimbabwe Stock Exchange (ZSE) has extended CFI Holdings Limited’s suspension from trading on the bourse by an additional 30 days for further investigations into the company’s irregularities.
CFI Holdings Limited’s acting chief executive officer (CEO), Timothy Nyika, resigned with immediate effect on Thursday last week, amid intensifying boardroom wars engulfing the agro-industrial group.
Controversial British tycoon, Nicholas van Hoogstraten, has demanded a second CFI Holdings Limited extraordinary general meeting (EGM) to force the reversal of the sale two years ago of the sprawling Langford Estates to Fidelity Life in a US$18 million deal, which had been sanctioned by shareholders.
Van Hoogstraten wants the EGM held on July 14.
By Shame Makoshori The National Social Security Authority (NSSA) has come out guns blazing, vowing to defend any legal action by British tycoon, Nicholas van Hoogstraten, who has approached authorities seeking the reversal of a US$18 million deal involving CFI Holdings Limited. Both NSSA and van Hoogstraten are the major shareholders in the 108-year old […]