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Inqo Investments Ltd - South Africa-focused investment firm - sells investment in Bee Sweet Honey Ltd, a honey production business in Zambia. Expects disposal to be complete, with a final payment, in January 2023. Notes the divestment incurred a net loss of R 950,000.
‘Inqo decided to disinvest from its Bee Sweet investment as the company was not performing in terms of its agreed financial mandate and was undergoing a corporate re-structure,’ Inqo says.
Current stock price: 65 pence
12-month change: down 1.5%
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