Tendai Kamhungira 
LOW cost operator Nu Aero (Private) Limited, trading as Fly Africa Zimbabwe (FlyAfrica), has been dragged to the High Court by Blossom View Holdings Limited (Blossom) after failing to transfer shares to the foreign investor.
In a recent court affidavit, the Mauritian-based company accused Cassidy Mugwagwa’s firms, including Lowcost Enterprises (Lowcost), of failing to honour their November 2019 agreement to release and issue consolidated scrip certificates to the latter.
“The said shares represent 100 percent… in second respondent (FlyAfrica) and they are held by the first respondent (Lowcost)… It was agreed … that the full purchase price of the shares was $10 000 only. The first respondent acknowledged full receipt of the full purchase price..,” Wong King Tshun said.
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