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Trustco detailed its plan to issue new shares to RVF through an option, solidifying RVF’s position as a key anchor investor with a cash injection of up to $50 million.
Van Rooyen’s stake in Trustco has declined by $21.37 million since Nov. 14.
Quinton van Rooyen, who owns a 63.94 percent stake in Trustco Group, is regarded as one of Namibia’s wealthiest individuals.
Van Rooyen, who owns an impressive 63.94-percent stake in Trustco, ranks as one of Namibia’s richest men.
Van Rooyen, who owns a 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s wealthiest men.
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.
Van Rooyen owns a 63.94-percent stake in the company. This stake, which amounts to a total of 1,004,000,060 ordinary shares in the group.
Van Rooyen, who owns an impressive 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s richest men.
Meya Mining, a Trustco subsidiary led by van Rooyen, presently holds an extensive mining license covering 129 square kilometers in Sierra Leone.
Trustco takes pride in investing in high-quality world-class assets.
Van Rooyen owns 63.94 percent of Trustco.
Van Rooyen’s equity interest is still down by more than $40 million.
Shares in the group rose 35.56 percent as a result.
Van Rooyen owns 63.94 percent of the leading Namibian company.
His net worth increased by $29 million in the first week of 2022.
It is the second year in a row that the diversified investment holding has posted losses.