Sunbird shareholders want government out | The Times Group: Sunbird shareholders want government out
Posted By: William Kumwembeon: June 18, 2018In: BusinessNo Comments
Minority shareholders for Malawi Stock Exchange (MSE)-listed hospitality chain, Sunbird Hotels plc, have reiterated the need for immediate recapitalisation of the business and have the government offload most of its shares.
This was the general outcry at the firm’s 30th annual general meeting (AGM) in Blantyre on Friday.
The shareholders are desperate to see the government, which holds 71 percent stakes in the hotel through a holding company, MDC, have its hands off the business.
They [shareholders] insist that doing so would help improve the business’ stand in the wake of stiff competition on the market.
Posted By: William Kumwembeon: June 18, 2018In: BusinessNo Comments
Minority shareholders for Malawi Stock Exchange (MSE)-listed hospitality chain, Sunbird Hotels plc, have reiterated the need for immediate recapitalisation of the business and have the government offload most of its shares.
This was the general outcry at the firm’s 30th annual general meeting (AGM) in Blantyre on Friday.
The shareholders are desperate to see the government, which holds 71 percent stakes in the hotel through a holding company, MDC, have its hands off the business.
They [shareholders] insist that doing so would help improve the business’ stand in the wake of stiff competition on the market.
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