Namibian tycoon Quinton van Rooyen plans to convert $73-million loan into Trustco shares
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.
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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.
Trustco takes pride in investing in high-quality world-class assets.
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.