Future Energy Source Company Limited (FESCO) Combined Initial Public Offer & Offer for Sale

Posted: February 18, 2021 at 5:57 pm

 

This is to advise that the Prospectus has been removed from the website at the request of the Lead Broker, NCB Capital Markets Limited.

NCB Capital Markets Limited has advised that the Prospectus was recalled as a result of an accounting omission in the projected financials for the company. The omission understated the projected income from 2022-2025, which as a result understated the overall projected profitability of the company. The corrections when completed, will show an improved projection for the company’s earnings for the 2022-2025 period.

On behalf of the Board of Directors and Management of FESCO, NCB Capital Markets Limited apologizes for any inconvenience that this may have caused and the prospectus will be re-published in due course.

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