Dangote Sugar Refinery Plc has initiated a rights issue valued at N485.88 billion, aimed at reducing its debt levels following a challenging financial year in 2025 marked by significant losses. The rights issue commenced on 25 May 2026 and will remain open until 24 June 2026, allowing current shareholders the opportunity to acquire two additional ordinary shares for each share they hold. This strategic move is part of the company's efforts to stabilize its financial position and enhance its operational capacity.
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