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Q. The company is often referred to by different names:
Transnational Corporation of Nigeria, Transnational Corporation of Nigeria Plc., Transcorp Plc., Transnational, Transnational Corporation, Transnational Corporation Plc., etc. Please, what is the correct name of the company?
Q. What are the portfolio companies?
Q. What has influenced TransCorp's decision to focus on its five core business focus areas?
Q. Will TransCorp focus on investing in TransCorp or on building companies by itself in co-operation with partners?
Q. When does the TransCorp financial year end?
Q. After acquisition, what value does TransCorp bring to its portfolio companies?
Q. Is nomination to Board membership based solely on the number of shares owned?
Q. How has TransCorp funded its acquisitions?
Q. Does TransCorp have a team of in-house experts dedicated to each of its business focus areas?
Q. Does TransCorp have dedicated teams to monitor each of its portfolio companies?
Q. A lot of reference has been made to TransCorp's business model being borrowed from the chaebols of South Korea. Why has TransCorp chosen this organizational model?
Q. What is the management composition of the TransCorp Hilton?
Q. When was the name of the hotel changed from NICON Hilton to TransCorp Hilton?
Q. Has TransCorp re-branded the hotel since it was taken over?
Q. What does the hotel intend to do with the valuable real estate that it owns?
Q. Will the Hilton brand be the only hotel group in the TransCorp Hilton hospitality portfolio?
Q. Do TransCorp shareholders receive discounts when they stay at the hotel?
Q. What are the growth prospects of the hotel sector and the upscale, luxury segment in which the TransCorp Hilton operates and competes?
Q. During the Private Placement, I bought shares with a nominal value of N1 and a market value of N6. However, when I received my certificate, it showed that the share now has a par value of N0.50. What effect does this have on the value of my investment?
Q. I invested in the IPO. When will I get my share certificate?
Q. On what type of requests can I contact the company registrars with?
Q. Why has the Transcorp share price not appreciated?
Q. When will Transcorp be paying its first dividend to its shareholders?
Q. When is the Annual General Meeting of Transcorp going to hold?
Q. When will Transcorp invest in Agro business?
Q. What is happening to Transcorp Energy business?
Q. Will Transcorp ever achieve its original vision?
Q. Will Transcorp be rebranded?
Q. Is the Transcorp brand still a powerful brand?
Q. When will Transcorp make its next investment?
Q. Is Transcorp going to be in business for the next 5 years?
Q. What is Transcorp's focus for the next one year?
Q. What does Transcorp really do apart from the Hilton?
Q. What kind of plans is the Management currently putting in place to improve the balance sheet of the company?
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A. We invest heavily on cost optimization, diversification and expansion of business portfolios, divestment from non-performing businesses and assets and strategic manpower development.
A. Real Estate acquisition and development, hospitality businesses in major cities of the country and agro business.
A. To grow its agricultural and energy businesses currently being incubated.
A. Yes it will be in business in the next five years and beyond, in line with vision of its promoters.
A. Investment is a continuous activity. Only recently concluded investment in 100% shares of Kingsville Hotels Limited (Owners of Metropolitan Hotel, Calabar) through share transfer.
A. Yes and it will require time to actualize.
A. Not at the moment, but any time the dictates of business demands so, we shall tailor along.
A. Baring our harsh business environment, Management is optimistic to achieve the original vision in the long-term and the business will continue to grow in line with the original vision.
A. Transcorp is about to take possession of its Oil block, which will form the basis of the energy portfolio.
A. We have reached an advanced stage in this regard and hope to conclude in the 3rd quarter of 2010.
A.By the last quarter of 2010.
A. As contained in the IPO Prospectus in 2006, the company will declare dividend to all shareholders by 2010.
A. Apart from the collapse in the capital market, we also faced challenges of transforming our major acquisition in NITEL. This is however history now, as we have resolved the problems completely.
A. Any requests concerning your shareholding.
A. Share certificates are handled by our Registrars, Afribank Registrars. For all enquiries, kindly contact them or email: afribankregistrar@yahoo.com giving details/evidence of purchase of the shares and they will send your share certificate.
A. It is true that the share value is significantly reduced, a trend which is not peculiar to Transcorp alone. With the upsurge and collapse of the capital market in recent time, the share prices have been affected negatively. However, with our current diversification and business expansion, we assure you of capital growth in due course.
A. There are significant opportunities in the various state capitals in Nigeria for the luxury segment based on current market survey.
A. No.
A. No, Transcorp can partner with any hospitality group or hotel chain as long as our objectives are met. We have recently acquired Metropolitan Hotel, Calabar, which has since been re-branded as Transcorp Metropolitan Hotel.
A. Expansion of the hotels to offer more facilities, more rooms and more quality services – and the expansion project has already started.
A. Yes, it was rebranded as Transcorp Hilton Abuja.
A. The name was changed in 2006 after the acquisition.
A. The Hotel is managed by Hilton Group under a Management Service Agreement (MSA).
A. Transcorp is a private sector response to the economic reform initiatives of the Federal Government. These initiates have placed the private sector in the driving seat of national development process. With the size and scale of Transcorp's planned operations, Nigeria is expected to effectively participate in the world economy.
A. Yes, key roles in the subsidiaries are manned by Transcorp employees
A. Transcorp is made up of specialized experts in all our areas of interests. After acquisition, the Heads of the subsidiaries as well as their Boards report to the Group Managing Director and Group Board of Directors.
A. Equity participation and Bank loans
A. Not necessarily, other qualities are also considered.
A. We acquire, turn around and grow them to world class standards.
A. December 31st
A. Transcorp is open to diverse opportunities and invests either solely or as a shareholder
A. These are the key sectors of the economy in which investment will create wealth for Nigerians.
A. There are several. The key subsidiaries in the Group include –Transcorp Hotels and Tourism Services, Teragro Limited, Trasncorp Properties Limited and Kingsville Hotel Limited
A. Transnational Corporation of Nigeria Plc. The brand name is Transcorp.
