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Mauritius firm snaps up 59,4pc Zimplow stake

HARARE – Mauritius-based Sino Properties (Proprietary) Limited (Sino Properties), is now the majority shareholder in Zimplow after snapping up a 59,4 percent stake in the agro-industrial concern. Sino Properties increased its stake in Zimplow after underwriting a $5 million rights issue, which was under-subscribed.  Maxwell Chinorwadza, the Zimplow Company Secretary said the renounceable rights offer…

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