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A Real Estate Developer is on its way to be the first in the industry to list on the Ghana Stock Exchange.
Comet Properties has secured approval for provisional listing on Wednesday which means that it will be on a second list for six months during which it is expected to meet all the requirements for full listing and be allowed to float its shares to the public.
Provisional listing was introduced by the stock exchange to encourage small and medium scale enterprises to get onto the stock market.
Its requirements are not as stringent as those for full listing.
Ahead of the provisional listing, the Chief Executive of Comet Properties Nana Odeneho Kyeremanteng told Joy Business the listing will enable the company pool funds to expand its business.
“It enables us to have opportunity of actually sourcing for funds which is very difficult and also very expensive outside the stock,” he said.
He said the company will also be able to employ the relevant expertise to enable it delivery better services.
Source: Joy Business/Myjoyonline.com/Ghana
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