#JustIn: Oryx raises millions to buy Walvis Bay mall
Oryx Properties has successfully raised N$312.8 million through its recent right issue, representing a subscription rate of 82.4%, the locally-listed group announced on the Namibian Stock Exchange (NSX) today.
In May this year, Oryx said it would proceed with a rights offer to raise cash to the amount of N$379.6 million, representing 60% of the acquisition price for the Dunes Mall in Walvis Bay.
The rights offer opened on Friday, 30 June 2023 and closed on Friday 14 July 2023.
A total of 26 947 033 new Oryx units will be issued and listed on the Local Index of the NSX tomorrow.
In May this year, Oryx said it would proceed with a rights offer to raise cash to the amount of N$379.6 million, representing 60% of the acquisition price for the Dunes Mall in Walvis Bay.
The rights offer opened on Friday, 30 June 2023 and closed on Friday 14 July 2023.
A total of 26 947 033 new Oryx units will be issued and listed on the Local Index of the NSX tomorrow.
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