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Automobile dealer CFAO is set to formally de-list from the Ghana Stock Exchange. Trading in the company’s stock on the bourse will as a result end by March 21.
It follows a vote by shareholders in 2009 by a special resolution to take the company off the exchange. The move is part of a global plan by CFAO to get out of all stock exchanges in Africa.
Shareholders who have not been able to dispose of their shares will from January 24 have an opportunity to do so. CFAO will be offering four Ghana pesewas per share at the existing price.
It represents twice the current share price of two pesewas.
Source: Joy Business/Ghana
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