SUNBIZ

Vision Investments Looks To Explore Opportunities With Big New Shareholder

  As Vision Investments Limited listed on the South Pacific Stock Exchange, the Fiji National Provident Fund became the biggest shareholder behind the original four founding shareholders. The FNPF bought
05 Mar 2016 08:30
Vision Investments Looks To Explore Opportunities With Big New Shareholder
From left: SPSE board chair Nur Bano Ali with Chairman of Vision Investments Limited (VIL) Dilip Khatri. Photo: SUPPLIED

 

As Vision Investments Limited listed on the South Pacific Stock Exchange, the Fiji National Provident Fund became the biggest shareholder behind the original four founding shareholders.

The FNPF bought 15 per cent shares in the company. In addition, BSP Life purchased 6.75 per cent shares and Unit Trust of Fiji bought 4.3 per cent.

It was agreed for FNPF, considering its material shareholding, to nominate a person to be appointed as director of the company.

Vision Investments Limited intends to work closely with these new shareholders to explore new business opportunities for revenue growth.

In addition, Vision Investments Limited is particularly pleased that International Finance Corporation -an affiliate of the World Bank- pursuant to signing a Cornerstone Agreement subscribed for new shares equivalent to 6.14% shareholding.

It said an international investor in the stature of IFC, investing in the local stock market heralds an important milestone in the development of capital markets in the country.

It also signifies growing international confidence in local businesses.

Feedback:  rachnal@fijisun.com.fj

 

Subscribe to E-Edition
pacific island top up
Rewa Fiji Dairy Ltd
Subscribe-to-Newspaper
Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper
error: