Futureview Asset Management Limited has acquired 126,967,213 ordinary shares of Zichis Agro-Allied Industries Plc from Chilla Entertainment Limited, becoming a substantial shareholder with a 10.45% stake in the company’s issued share capital.
The transaction was disclosed in a notification filed by Zichis with the Nigerian Exchange (NGX) on Monday, November 9, 2026, following its cFutureview Asset Management Limited has acquired 126,967,213 ordinary shares of Zichis Agro-Allied Industries Plc from Chilla Entertainment Limited, becoming a substantial shareholder with a 10.45% stake in the company’s issued share capital.ompletion on November 3.
The acquisition involved existing shares rather than a fresh issuance, meaning the transaction did not increase the company’s issued share capital.
The share transfer represents a significant ownership change involving Chilla Entertainment Limited, one of Zichis Agro-Allied Industries’ core promoters.
Nairametrics previously reported that Chilla and Winners Investment & Trust Limited had injected N2 billion in non-equity capital into the company.
Zichis also reported a free float of 379.11 million shares, representing 31.59% of its issued share capital, which it said satisfied NGX Growth Board requirements.
The ownership change follows a period of strong financial performance for Zichis Agro-Allied Industries, with significant increases in revenue and profitability during the first nine months of 2026.
Nairametrics previously reported that the company’s pre-tax profit increased by 179.21% to N561.32 million for the period ended September 30, 2026.
Futureview’s 10.45% holding therefore reflects the company’s disclosed ownership position following the transaction, subject to any subsequent changes in issued share capital or shareholdings.
Zichis Agro-Allied Industries listed by introduction on the NGX Growth Board on January 20, 2026, before recording substantial share-price appreciation during its first months of trading.
On October 27, Nairametrics reported that Zichis had begun acquiring a 221-hectare oil palm plantation from Amandel Nigeria Limited.
Further developments will depend on subsequent ownership disclosures, the progress of Zichis’ proposed acquisition and any implementation of its approved capital-raising plans.
