Inqo Investments Ltd - Sale of investment in Bee Sweet Honey Limited
RNS Number : 5313H
Inqo Investments Limited
25 November 2022
 

Inqo Investments Limited

 

INQO INVESTMENTS LIMITED ANNOUNCES THE SALE OF ITS

INVESTMENT IN BEE SWEET HONEY LIMITED IN ZAMBIA

 

Inqo Investments Limited announces the exit of its investment in Bee Sweet Honey Limited, the honey production business in Zambia.

 

Inqo decided to disinvest from its Bee Sweet investment as the company was not performing in terms of its agreed financial mandate and was undergoing a corporate re-structure. The disposal is expected to be completed with a final payment in January 2023. This divestment incurred a net loss of ZAR950k.

 

Enquiries

 

Inqo Investments Limited

Tel: +27 (0)83 6254069

Chris Bertie, Chief Financial Officer and Chief Operating Officer

Email: cbertie@acland.co.za



Hobart Capital Markets LLP


AQSE Corporate Adviser and Broker

Tel: +44 (0)20 7070 5665

Dr Wang Chong

Email: wang.chong@hobartcapital.com

 

 

About Inqo Investments Limited

 

"INQO" (www.inqo.co.za) is a South Africa based social impact company listed on the London Aquis Stock Exchange.  It makes strategic acquisitions and investments in businesses designed to tackle poverty and provide employment, products and services to the poor in Low Income Countries (LICs).

 

 

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