Home Business Ghana Stock Exchange lifts suspension on two firms

Ghana Stock Exchange lifts suspension on two firms

The Ghana Stock Exchange has lifted suspension of trading activities on two firms out of the five that were sanctioned for not complying with regulations of the GSE.

The Ghana Stock Exchange (GSE) last week suspended the five companies from trading in shares effective today, August 29, 2017.

The affected companies are African Champion Industry Limited, Clydestone Ghana Limited, Golden Web Limited, Pioneer Kitchenware Limited and Transaction Solutions Limited (TRANSOL).

According to the GSE,  the firms in question have failed to submit financial reports, non-payment of annual listing fees and failure to conduct Annual General Meeting among others.

The suspension of trading of the above companies which took effect on Monday will be in force until September 8, 2017, which is the deadline for the companies to rectify the anomalies.

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The firms risk attracting further sanctions if they fail to rectify the anomalies.


source: starrfmonline

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