Malawi: TNM offers one billion shares to public
Malawi witnessed its biggest Initial Public Offer (IPO) in its stock exchange history when TNM Limited, on Monday, 5 October, 2008, put to offer over one billion shares to the public. The company is also Malawi's first telecommunications company to list on the Malawi Stock Exchange (MSE).
7 Oct 2008
TNM chairman, Professor Mathews Chikaonda disclosed that the company intends to raise K2,5bn.
“There are various ways where a company can raise money and as a growing company we have massive expansion projects that need funding, so instead of borrowing from the banks we can also go to the capital market to raise money,” he explained.
