{"id":13812,"date":"2011-12-14T23:04:15","date_gmt":"2011-12-14T23:04:15","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/ngc-gets-shareholders-approval-to-raise-n4bn\/"},"modified":"2011-12-14T23:04:15","modified_gmt":"2011-12-14T23:04:15","slug":"ngc-gets-shareholders-approval-to-raise-n4bn","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/","title":{"rendered":"NGC gets shareholders\u2019 approval to raise N4bn"},"content":{"rendered":"
\n

The shareholders of Nigerian-German Chemical (NGC) Plc,\u00a0 have approved proposal by the board of to raise N4 billion fresh capitals.<\/p>\n

The Chairman of the company, Mr. Babatunde Savage, who disclosed this during the company\u2019s yearly general meeting in Lagos, said NGC has also secured additional funds from Afrexim Bank to complete the establishment of its Intravenous Fluid manufacturing facilities.<\/p>\n

\u201cHowever, the company continues to labour under very high debts relative to its business turnover, a significant portion of these debts being tied to investment on the IVF project.<\/p>\n

\u201cManagement is focused on a set business de-risking tactics, while remaining true to its business transformation. These entail a combination of restructuring of debts into long maturities. Management has also retained the services of the financial advisers, who have worked with access long term options currently available including pre-available including preferred equity options,\u201d Savage said.<\/p>\n

He said once the expansion is complete and patient capital is accessed, the company will be \u201cpoised to unlock its potential and reward shareholders robustly for their patience and support during these recent challenges. The company is blessed with a wide number of brands, which command strong market position.\u201d<\/p>\n

Speaking, the National Coordinator, Independent Shareholders Association of Nigeria, Sir Sunny Nwosu, used the opportunity to advice the board and management of the company to pay strict attention to its Intravenous Fluid (IVF) manufacturing.<\/p>\n

\u201cIVF is an important turning point for the company. During construction, the environment should conform to World Health Organisation (WHO) requirement,\u201d adding that the project is very sensitive and important.<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

View post:
\nNGC gets shareholders\u2019 approval to raise N4bn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The shareholders of Nigerian-German Chemical (NGC) Plc,\u00a0 have approved proposal by the board of to raise N4 billion fresh capitals. The Chairman of the company, Mr. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13812","post","type-post","status-publish","format-standard"],"yoast_head":"\nNGC gets shareholders\u2019 approval to raise N4bn - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NGC gets shareholders\u2019 approval to raise N4bn - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The shareholders of Nigerian-German Chemical (NGC) Plc,\u00a0 have approved proposal by the board of to raise N4 billion fresh capitals. The Chairman of the company, Mr.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"NGC gets shareholders\u2019 approval to raise N4bn\",\"datePublished\":\"2011-12-14T23:04:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/\"},\"wordCount\":284,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/\",\"name\":\"NGC gets shareholders\u2019 approval to raise N4bn - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-12-14T23:04:15+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NGC gets shareholders\u2019 approval to raise N4bn - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/","twitter_card":"summary_large_image","twitter_title":"NGC gets shareholders\u2019 approval to raise N4bn - Ghanamma.com","twitter_description":"The shareholders of Nigerian-German Chemical (NGC) Plc,\u00a0 have approved proposal by the board of to raise N4 billion fresh capitals. The Chairman of the company, Mr.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/"},"author":{"name":"","@id":""},"headline":"NGC gets shareholders\u2019 approval to raise N4bn","datePublished":"2011-12-14T23:04:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/"},"wordCount":284,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/","url":"https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/","name":"NGC gets shareholders\u2019 approval to raise N4bn - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-12-14T23:04:15+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/12\/14\/ngc-gets-shareholders-approval-to-raise-n4bn\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/13812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=13812"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/13812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=13812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=13812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=13812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}