Asia/Pacific

1TIME RAISES NEW CAPITAL TO FUND EXPANSION

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1TIME RAISES NEW CAPITAL TO FUND EXPANSION

Aviation group 1time has announced it had raised R65 million in new capital through the sale of a 25% stake to two black economic empowerment (BEE) groups, Mtha Aviation and SKMT Sunrise Investment Group. The airline will issue 70-million shares at about 93c a share, increasing the number of shares ...

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