CMC shares face further ban on bourse
26 January 2012, 12:07
Nairobi – The Capital Markets Authority has extended
the suspension of CMC Holdings Limited from trading at the Nairobi
Securities Exchange (NSE) for another 21 days.
The extension takes effect on February 3 when the initial 90-day suspension expires.
While allowing the board of directors an opportunity to resolve
disagreements at CMC, the Capital Markets Authority intervened by
suspending trading of the company’s shares on the NSE to enable the
investing public an opportunity to get a true picture of affairs at the
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