Morocco’s first car manufacturer, Neo Motors, which begins selling the nation’s first homegrown automobile this month, is targeting its Initial Public Offering (IPO) on the Casablanca Stock Exchange to expand into green cars or electric vehicles (EV) production by manufacturing a three-door passenger model that will retail for $20 thousand and compete with similarly priced combustion cars from R
The offering will consist of a sell-down of 80,000,000 secondary shares and a capital increase of 177,777,778 primary shares, together representing 14.5% of the Groups share capita
Listed companies are advised tobuy treasury stocks in order to stimulate demand