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
-
Missing records of illegal gold purchases in Ghana raise concern – Duncan-Williams
14 minutes -
Duncan-Williams warns of powerful interests targeting GoldBod
45 minutes -
We need to pray for GoldBod – Duncan-Williams
1 hour -
Strong favourites or tougher task – will Arsenal defend their title?
2 hours -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
2 hours -
Ariana Grande leaves problems at home as her tour hits the UK
2 hours -
Multiple suspects at large after five shot at Virginia State University, police say
2 hours -
Three killed as Russia launches fresh aerial attacks across Ukraine
2 hours -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
2 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
3 hours -
Twelve killed as Polish bus veers off Hungarian motorway
3 hours -
Building Ghana better: Why architects must be at the heart of national development
6 hours -
GMet warns of severe rainstorm across northern Ghana
7 hours -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
7 hours -
Health Ministry reviews NDC manifesto commitments
8 hours