Venture fund approved under the Government's Global Investor Programme has legal acti

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Venture fund approved under the Government's Global Investor Programme has legal acti

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26-11-2018, 03:40 PM

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Venture fund approved under the Government's Global Investor Programme has legal acti

An honorable member of the Coffee Shop Has Just Posted the Following:

TAP Venture Fund I faces legal action from 16 preference shareholders who invested $35m

A venture fund approved under the Government's Global Investor Programme (GIP) is under scrutiny after 16 of 22 remaining preference shareholders took legal action against it.

At dispute is the amount of return capital the fund, TAP Venture Fund I, can make to these 16 shareholders, who have invested some $35 million in it. The other six, who invested another $10.5 million, have yet to redeem...

Venture fund approved under the Government's Global Investor Programme has legal action taken against it .......

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