Hearts of Oak go public
Hearts of Oak go public
Posted: 2009-08-16 19:49
Ghanaian League champions Accra Hearts of Oak plan to raise 5-million Ghana Cedis from the sale of their shares to the public.
The money from floating the famous Ghanaian club on the stock market will be used to repay the club’s debts, invest in infrastructure and increase their operating capital.
Hearts chairman Emmanuel Martey Commodore-Mensah announced that the club has fixed an Extra-Ordinary Congress for September 12 to pass the vote for them to become a public quoted company.
Commodore-Mensah said the move to place the club on the stock market is part of the process of evolution, aimed at modernising Hearts and creating a better future for the club. He said he is confident Hearts will meet its target.
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