Hearts of Oak have for the second time extended its Initial Public Offer (IPO) sales for a further 17 days, GHANAsoccernet.com can exclusively reveal.
The club aim to raise ten million Ghana cedis from twenty million shares first released to the public on August 1st.
However, they failed woefully to meet its target due to low patronage and have gone for yet another extension with the hope of at least getting closer to its 10 million cedi mark.
“I can confirm we have secured permission from SEC (Security Exchange Commission) for a further extension,” Hearts board chairman Commodore Mensah revealed exclusively to GHANAsoccernet.com.
The new expiration date for the offer has now been pegged at 14 October.
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