- Nigerian fast food chain, Tantalizers Plc, is seeking to raise new equity funds to address acute liquidity and capital inadequacy.
- In order to address liquidity and capital inadequacy, Tantalizers is seeking to raise new equity funds
- The fast food chain has for long remained pinned to the ground following its losing streak that saw net loss of 39 per cent to N784.3 million in 2014.
- Chairman, Tantalizers Plc, Jaiye Oyedotun, told shareholders in Lagos that the company needs to urgently address its working capital inadequacy, which has impeded its growth.
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“Pending when equity investors can be brought into the company, or other financing options achieved, we will continue to augment working capital requirement through proceeds from retro-franchising, and disposal of unused assets,” he said.
- It might interest you to know that Tantalizers’ share price has been stagnant at nominal value of 50 kobo per share.
- Source: BizwatchNigeria
Tantalizers Is Seeking New Equity as Net Loss Hits N784 Million
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