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Obtala chairman 'delighted' with Hong Kong investment

Last updated: 20:53 29 Mar 2017 AEDT, First published: 15:53 29 Mar 2017 AEDT

Miles Pelham, chairman at Obtala Ltd (LON:OBT) tells Proactive the African forestry and agriculture group has raised £4mln through a share issue to a Hong Kong-based high net worth investor.

Obtala owns ten forestry concessions in Northern Mozambique, while its agriculture business is planting melon primarily but also butternut, onion and feed maize.

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