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Renergen plans Nasdaq listing and Phase 2 expansion amid share price decline
May 20, 2025
|The Star
RENERGEN, the JSE-listed owner and operator of the Virginia gas plant in the Free State, is focusing on a listing on Nasdaq in the US, alongside the planning and funding of the Phase 2 expansion of the plant. operations.
This was announced by chairman Dumisa Hlatshwayo during the release of the annual results on Monday. The share price fell by 5.7 to R6.96 on the JSE on Monday afternoon, significantly down from R10.90 a year ago, and representing a free-fall from R35.11 three years ago.
Renergen had initially attracted considerable interest among retail investors on the JSE; however, the share price has declined significantly due to numerous delays in the ramp-up to production of South Africa's first onshore gas production platform.
هذه القصة من طبعة May 20, 2025 من The Star.
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