DIASPORA Kapita (DK) seeks to raise approximately US$5,5 million from the local market through the issuance of new shares to finance “its next phase of growth”.
DK is set to be acquired by BridgeFort Capita, formerly MedTech Distribution, upon conclusion of the transaction, which has already received shareholder approval.
Bridgefort ― whose shareholders have already approved the decision to switch to the Victoria Falls Stock Exchange (VFEX) — is restructuring its business to accommodate Diaspora Kapita in a bid to focus on diaspora remittances and the South African funeral assurance and services sector.