Ice cream manufacturer, Fan Milk Ghana Limited has announced an acquisition of 5.46% of the company’s shares by its parent company, Fan Milk International A/S.
This takes Fan Milk International A/S current shareholding in Fan Milk Ghana Limited to 62.10%.
According to a press statement by the Ghana Stock Exchange, the Free of Payment transaction was executed in Ghana and involved the purchase of 6,345,563 shares ordinary shares in Fan Milk Ghana Limited.
The shares were previously held by Hong Kong Shanghai Arisaig Africa Consumer Fund.
Fan Milk unusually has been performing below expectations on the stock market this year.
It has lost about 74% in share price since the beginning of the year, and is presently selling at GHS1.05 per share.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
ShoreCare: KNUST students organise clean-up exercise at Allan and African beaches
2 hours -
Ejisu by-election was an election of inducement – Hopeson Adorye
2 hours -
Air Quality: World Bank unveils $1 billion guarantee to bolster clean air projects globally
2 hours -
Dumsor Diaries: The struggle of tailors and seamstresses to make ends meet
2 hours -
Chiefs standing to greet the president at public events is apt – Chieftaincy Minister
3 hours -
60 farmers in Kumasi receive training on traditional leafy vegetables
3 hours -
MP who allegedly bribed EC agents must be arrested – Mustapha Gbande
4 hours -
NPP’s Kwabena Boateng leading in Ejisu by-election
5 hours -
Dominic Obour: Beware of rented media and socio-political liars
5 hours -
Partnership launched to provide pensions for small-scale farmers
5 hours -
Ejisu by-election: Why would I bribe election officials in public? – asks Kingsley Nyarko
6 hours -
Vinicius scores twice as Real Madrid draw against Bayern in Germany
6 hours -
I’m doing well – Amerado assures fans after stage mishap
7 hours -
EC asks police to start criminal investigation into Ejisu by-election ‘white envelope’ bribery allegation
8 hours -
LPG Marketers Association kicks against NPA’s $80 per metric ton levy on LPG
9 hours