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Chemco in debt, equity swop deal

HARARE – Listed Chemco Holdings Limited (Chemco) plans to convert a debt owed to TSL Limited (TSL) into equity. Consequently, TSL — owed around $2 million — will increase its shareholding to 81, 64 percent in the agro-focused group. Chemco will also delist from the Zimbabwe Stock Exchange. The transaction awaits shareholder approval at an…

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