
Audio By Carbonatix
Kosmos Energy has suspended its planned listing on the Ghana Stock Exchange this year.The oil production and exploration firm had rescheduled its listing from November last year to March this year.Officials then explained there were a few knotty issues that needed to be resolved.Sources say Kosmos has communicated their decision to suspend the listing to the brokerage firms working on the offer, IC securities and Databank.Joy Business has learnt the letter simply asks the firms to suspend all processes relating to the offer assuring them that they will be settled for all expenses incurred so far.It adds that they may come to them in the future should they decide to list again.Some have attributed the suspension to difficulties KOSMOS is having in coming onto the exchange but sources close the company say it’s purely a business decision and that they may make another attempt next year.KOSMOS was hoping to raise some $50 million from the public offer.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
No looming power crisis; Ghana’s electricity supply remains stable – Energy Ministry PRO insists
14 minutes -
Mahama should reset his stance on LGBTQ -Clinton Baffour
20 minutes -
Rising sachet water costs should spark a bigger conversation on plastic waste
24 minutes -
Two-week ceasefire takes effect as US and Iran prepare for talks in Pakistan
27 minutes -
Dr. Amoakohene debunks claims Sewua and other Agenda 111 hospitals are ready for operationalisation
35 minutes -
AMA rolls out new shift system for street sweepers to improve sanitation
38 minutes -
Focus on capacity, not connections in Damang lease decision – Paa Kwesi Schandorf
49 minutes -
Teen defender Eric Mensah undergoes trial at Malaga CF after standout ROC Cup display
50 minutes -
Journalism out loud: Why silence is no longer an option
51 minutes -
5,000 miners stranded in Ahafo-Ano North as alleged NAIMOS operatives take over site
58 minutes -
GMTFcare rollout begins at Komfo Anokye Teaching Hospital to transform patient support
1 hour -
Leicester lose appeal against points deduction
1 hour -
Telecel hosts Women 100 Power Connect 2026 on reciprocity in leadership
1 hour -
Ken Ofori-Atta released from ICE detention after judicial order — Lawyer confirms
1 hour -
Women in PR Ghana unveils Top 10 PR Women for 2025
1 hour