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Automobile dealer CFAO will today begin purchasing shares from its shareholders following moves to formally delist from the Ghana Stock Exchange.
The firm, acting through its brokers Merban, is offering 4 pesewas for every share held, one pesewa more than the current market price of 3 pesewas.
The firm has set March 21 as the formal date to move from the market.
The move to delist follows a vote by shareholders in 2009 by a special resolution to take the company off the exchange as part of a global plan by CFAO to get out of all stock exchanges in Africa.
Joy News/Ghana
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