[Source: People Daily, by Lewis Njoka]
Tuskys Supermarkets shareholders have resolved to sell majority stake to an equity investor in a bid to recapitalise the troubled retailer, a move that could see them lose control of the family-owned business.
Board of directors said shareholders of Orakam Holdings Ltd, which owns the supermarket, met on July 19 and approved a decision to sell majority stake to an equity investor.
“The Orakam shareholders provided their nod to the acquisition of…
