Blantyre Hotels to Construct 4 Star Hotel in LL: "Malawi Stock Exchange listed Blantyre Hotels Limited is planning to construct a 180 room four star business hotel in the capital city, Lilongwe.
A financial statement for the company’s year ending September 2017 says the company is at an advanced stage of negotiations with the landowners for the proposed project.
The company anticipates to raise funds through the Stock Market Exchange (MSE) to fund the project.
“Design concept required for the preliminary clearances and approvals from the relevant authorities are in progress. It is anticipated that the company will be raising fresh equity through a rights issue towards funding the project costs,” reads the statement released by the MSE.
The statement says the company will release more details on the project later"
'via Blog this'
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