Skip to main content

Ghana Stock Exchange suspends 5 companies

The Ghana Stock Exchange (GSE) has announced the suspension of trading in shares of five companies with effective from Monday, August 28, 2017.

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

A statement issued by the GSE on Friday August 25, “these companies have failed to meet their continuing listing obligations in spite of several promptings to do so.”

These obligations include; failure to submit financial reports, non-payment of annual listing fees and failure to conduct Annual General Meeting (AGM), among others.

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

“Failure to do so will attract further sanctions as per the GSE Listing Rules,” the statement added.

Comments

TRENDING

Must Read : Radio & TV Host Anita Erskine Pens Down A Letter To Rashida Black Beauty

We woke up to this masterpiece online, a LETTER of Starr FM’s award-winning media queen and Women’s advocate, Anita Erskine has written a letter to Rashida Black Beauty .. Just like a carousel, the maiden is still in her spinning stage and like mother eagle, Anita sees the future that Rashida someday can become a fabric of a building, thus, she wants her to, “…come and let’s talk – one on one.”

Serena Williams explains why she chose to marry a White man

A lot of Black people have criticized tennis champion Serena Williams and her sister Venus Williams for marrying and dating White men, instead of sticking with Black brothers. The mother-of-one has now explained her reason for marrying Alexis Ohanian.

Akufo-Addo's presidential kiss with wife Rebecca Akufo-Addo

President Nana Addo Dankwa Akufo-Addo delivered the 2019 State of the Nation Address on Thursday, February 21 in Parliament.

Photos and Videos from Kennedy Osei and Tracy’s royal wedding

It was all glitz, glamour and fancy cars at Trassaco Estate as the General Manager of Despite Media and son of Ghanaian business mogul, Osei Kwame Despite, Kennedy Osei traditionally marries his girlfriend Tracy.

2017 WomanRising 100 Most Influential Ghanaian Women Announced

WomanRising, a flagship network of The African Network of Entrepreneurs (TANOE) has announced its annual list of the 100 Most Influential Women in Ghana (100 MIWG) for 2017.