TN Holding's trade on the Zimbabwe Stock Exchange got off to a good start after 4 847 000 million shares changed hands at 6 cents on its maiden trade on the bourse, having opened at 2.3 cents.

4Cast Research quoted TN Holdings group chief executive officer, Tawanda Nyambirai saying that the company was happy with its acquisition of Tedco despite concerns in the market over the rational of the transaction. 

“They is talk that we bought a shell from Simba (Tedco CEO) but that is not true, what we have done is we have bought ourselves into the ready market through Tedco’s existing clientele and properties,”

He said the company’s plans to launch TN Medical Aid in Zambia were now at an advanced stage.

“We will be launching our medical aid scheme in Zambia and we already have a team in place,” said Nyambirai.

At an extraordinary general meeting in late December 2009, Tedco shareholders voted to approve a reverse take over by TN Financial Holdings.

The marriage between Tedco and TN Financial Holdings comes a few months after a messy break up of Kingdom Meikles Africa.