The Ghana Stock Exchange (GSE) has reversed its suspension on two out of five companies it said breached trading regulations.
The GSE on August 25, 2017, announced that African Champion Industry Limited (ACI), Clydestone (Ghana) Limited (CLYD), Golden Web Limited (GWEB), Pioneer Kitchenware Limited (PKL) and Transaction Solutions Limited (TRANSOL) had been banned from trading.
The companies had been suspended, according to the GSE, because they failed to meet their continuing listing obligations in spite of several promptings to do so.
However, a press release dated August 28, 2017, states that “The Ghana Stock Exchange has, with immediate effect, lifted the suspension in trading of the shares of Clydestone (Ghana) Limited (CLYD) and Transaction Solutions (Ghana) Limited (TRANSOL) that was imposed on the two companies.”
According to the bourse, CLYD and TRANSOL have rectified all the anomalies that led to their suspension.
Read the statement that announced the lifting of the suspension below.
LIFTING OF SUSPENSION IN TRADING - CLYDESTONE (GHANA) LIMITED AND TRANSACTION SOLUTIONS (GHANA) LIMITED
The Ghana Stock Exchange has, with immediate effect, lifted the suspension in trading of the shares of Clydestone (Ghana) Limited (CLYD) and Transaction Solutions (Ghana) Limited (TRANSOL) that was imposed on the two companies.
On August 25, 2017, the Ghana Stock Exchange, per its press release no. 303/2017, announced that trading in the shares of some five companies would be suspended from Monday, August 28, 2017, until September 8, 2017.
CLYD and TRANSOL which were part of these five companies have rectified all the anomalies that led to their suspension. Accordingly, the Exchange has lifted the suspension in trading of the shares of CLYD and TRANSOL that was imposed on the two companies with immediate effect.
Issued in Accra, this 28th day of August, 2017.
Have your say
More Business Headlines
- Minority predicts more taxes in 2019 budget
- Newton-Offei writes: My postcard from Sandton
- Read: Minority's assessment of economy ahead of 2019 budget presentation
- MTN aims to offer mobile banking in Nigeria next year
- 'Recession’: Minority offers bleak diagnosis of economy
- BoG must move quickly to deal with non-bank sector – Ken Thompson
- Govt bags GH¢12bn from import duties - Paperless system plays key role
- SilverQueen cosmetics outdoors Note Cosmetics brand in Ghana
- ECG wants 38% increase in power tariffs
- Tax exemptions to be further reduced
- Africa Investment Forum exceeds expectations, participants unanimously agree
- GRA imposes customs duty, taxes on duty-free shops effective December 1
- Why Ghana needs a national airline
- Porsche launches third generation Cayenne in Accra
- SoftBank wants to raise $21 billion in one of world's biggest IPOs