Nigeria’s Food Concepts Plc to raise US$10m via rights issue

NIGERIA – Food Concepts Plc, a quick service restaurant (QSR) brands operator in Nigeria and West Africa said that it has commenced the process to raise up to US$10 million (N3.6 billion) through issuance of rights issue. The Chicken Republic Brand operator said in a statement that it kicked off the process following shareholders’ approval at the 16th Annual General Meeting held on November last year, reports This Day. David Butler, the managing director of the company, pointed out that the right issue will enable the company actualise its expansion…

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