Audio By Carbonatix
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.
Latest Stories
-
34 injured as bus crashes at Asuboi on Accra–Kumasi Highway
18 minutes -
Galamsey: NAIMOS arrests foreign nationals, cleans up Birim River
59 minutes -
Man captured in viral video assaulting lady remanded amid fresh sextortion allegations
2 hours -
Around 1,500 soldiers on standby for deployment to Minneapolis, officials say
3 hours -
Faisal Islam: Trump’s Greenland threats to allies are without parallel
3 hours -
Ex-GBA President accuses NDC of driving move to remove GBA from constitution
5 hours -
Trump’s double pardon underscores sweeping use of clemency
6 hours -
Morocco and Senegal set for defining AFCON final under Rabat lights today
7 hours -
Trump tariff threat over Greenland ‘unacceptable’, European leaders say
8 hours -
Evalue-Ajomoro-Gwira MP kicks against VALCO sale
8 hours -
Mercy Johnson withdraws alleged defamation case against TikToker
9 hours -
Ghana accepted Trump’s deported West Africans and forced them back to their native countries
9 hours -
No evidence of theft in Unibank Case – A‑G explains withdrawal of charges against Dr Duffour
10 hours -
Labourer remanded for threatening to kill mother
10 hours -
Court remands farmer over GH¢110,000 car fraud
10 hours