We have launched Red Star Holdings Limited, a Zimbabwean based wholesaler, on AfricanSmallCaps.com
Red Star Holdings Limited has the largest wholesale infrastructure in Zimbabwe – including twenty-five Red Star Wholesalers and three Advance Wholesalers branches in all major towns in the country, offering a range of consumer products, reaching the remotest parts of Zimbabwe.
The company’s introduction to online IR has not been positive as it’s first announcement was a profits warning – view the message here. The fact is Red Star has some good assets and the company announcement that a potential transaction and recapitalisation is being considered by the Board is positive news.
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