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PPC rights offer oversubscribed

By:  
Creamer Media Contributing Editor Online
 
CORPORATE ACTIVITY
Shareholders of JSE-listed PPC subscribed for 920-million rights offer shares of its R4-billion rights offer. In August, the company reported it would price its rights offer at a 55.5% discount as it fought for survival in the face of depressed domestic growth.
 
 
 
 
 

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