RIGHTS ISSUE TO HELP LONGHORN GORE INTO REGIONAL MARKET

Ksh 530 million, the colossal sum that longhorn publishers limited hopes to raise in efforts to buttress it’s regional growth drive. Speaking during the launch earlier yesterday at a Nairobi hotel, chief executive Mr Simon Ngigi confirmed that the funds to be raised through the issuance of 126 million newly created limited shares which will commence trading at the Nairobi bourse on Thursday 21st April. A window period for those who wish to offload their shares or transfer such shares was also offered. Proliferating smartphone numbers various other connectivity gadgets will be the new market the publisher hopes to satisfy as it seeks to expand its business across the Africa region and 10% of the total amount realized in this capital venture will be used to in the development of interactive eLearning material a measly amount telling of the publishers careful approach to embracing the eBook world, a radical technology that has reduced the revenues of most publishers and slowly transforming the publishing world.