Multi-Trex PP

[solainvest]

The Punch: Multi-Trex to raise N6bn in private offer

Multi-trex Investments Limited, one of the leading cocoa processors in Nigeria, is set to raise N6bn through the sale of equities to some private investors, who can contribute to the growth of the company.

This was disclosed by the company’s Managing Director and Chief Operating Officer Mr. Yusuf Isiaka, at an investors’ forum on Tuesday at the factory premises in Warewa Village in Ogun State.

The private placement will commence on May 30, 2008 and end on June

[Avemercy]

It seems the company doesn't have a website. Anybody with more information about the company should please share with us.

[pages]

This is their website mx startup

Offices:
Correspondence office
Parcel 'B' Oregun Commercial Layout, Ikosi Rd Oregun Ikeja

Factory
KM 29, Lagos Ibadan Expressway, Warewa Village, Ogun State

[opm]

guys any1 with the prospectus can you post itplease lets c wots up.

[demmyfranc]

hi great investors, did anyone knows the issuing house to the Multi-Trex PP?
please help out as usual.
regards

[newton]

Multi-Trex to raise N6bn in fresh private equity
Multi-Trex Investments, one of Nigeria’s leading cocoa processing and export oriented companies, is set to raise N6billion in fresh equity from private investors to profit from international market demand for cocoa butter.

This new capital injection, Business Day learnt, will increase the company’s foreign exchange input to the country’s overall forex earnings as well as enable it go downstream into the manufacturing and marketing of such fast moving cocoa based consumer products like beverage drinks, chocolate and bakery products.

Currently, the cocoa industry is growing, the capacity is growing and the attention of the government in the industry is also growing.

When media men in Lagos were conducted round the company’s factory last Tuesday in Warewa Village, along Lagos-Ibadan expressway, Yusuf Isiaka, managing director, disclosed that the company targets 60,000 metric tonnes of cocoa beans processing capacity from the current 10,000 metric tonnes of cocoa beans processing capacity per annum.

This target processing capacity (60,000metric tonnes per annum) will make Multi-Trex become the first cocoa processing company in West Africa to have its processing capacity per annum raised to such level
The factory, sitting on a five-hectare parcel of land, was officially commissioned in February 2006.

Multi-Trex investments limited, a private limited liability company incorporated in 1999, commenced operation in 2001. The ultramodern cocoa processing plant, with an installed processing capacity of 10,000 metric tonnes of cocoa beans per annum, currently processes cocoa beans into cocoa liquor, cocoa butter and cocoa cake, all for the export market.

As part of the companies strategies to reach the target top in the industry, for the last four to six months, it has employed the services of Research Marketing Services (RMS) for its research which involves name search, packaging and distribution and channel marketing. - BusinessDay

[BLUEMONEY]

Originally Posted by demmyfranc

hi great investors, did anyone knows the issuing house to the Multi-Trex PP?
please help out as usual.
regards

the PP has not started so we dont know the issuing house yet.

[JB7]

I believe it is Skye

[polosco]

Originally Posted by JB7

I believe it is Skye

Pls don't believe, let's be sure of wat we are doing, guide us right......

[JB7]

The last i heard from a reliable source is that it is Skye

[hispy99]

Originally Posted by JB7

The last i heard from a reliable source is that it is Skye

confirmed that Skye is involved, but according to my source, the memorandum is not yet finalized.

[Babsman]

I can confirm it is being packaged by Skye Bank. They even sent me a PP offer invitation.

[BLUEMONEY]

Originally Posted by Babsman

I can confirm it is being packaged by Skye Bank. They even sent me a PP offer invitation.

Hello Babsman,
please post the prospectus anytime you lay your hands on it. cheers.

[Babs_O]

Originally Posted by Babsman

I can confirm it is being packaged by Skye Bank. They even sent me a PP offer invitation.

Interested in the PP as they plan to make chocolates.

Please can you help with the financial projections, PP price, minimum subscription etc.

[BLUEMONEY]

Originally Posted by Babsman

I can confirm it is being packaged by Skye Bank. They even sent me a PP offer invitation.

BABSMAN How Far have you gone with skye Bank on this PP. what are they saying.

[Babsman]

Originally Posted by BLUEMONEY

BABSMAN How Far have you gone with skye Bank on this PP. what are they saying.

Bluemoney,

The launching of the commencement of the PP is coming up on Friday 30th May on their premises. The PP memorandum is not out as at this moment but I'm confident it should be out next week.

In the invitation letter I got from Skye to attend the launching, the unit price was stated to be N3.00. However, the minimum units was not included. I will scan the content of the letter and post here tomo. Also, i will confirm the minimum units from the Skye guy and get back tomo.

Also, I will try to see if I can send somebody to attend the launching on my behalf on Friday.

[BLUEMONEY]

Originally Posted by Babsman

Bluemoney,

The launching of the commencement of the PP is coming up on Friday 30th May on their premises. The PP memorandum is not out as at this moment but I'm confident it should be out next week.

In the invitation letter I got from Skye to attend the launching, the unit price was stated to be N3.00. However, the minimum units was not included. I will scan the content of the letter and post here tomo. Also, i will confirm the minimum units from the Skye guy and get back tomo.

Also, I will try to see if I can send somebody to attend the launching on my behalf on Friday.

Thank You very much for the info.