Ghana Stock Exchange suspends 5 companies

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The Ghana Stock Exchange (GSE) has announced the suspension of trading in shares of five companies with effective from Monday, August 28, 2017.

The affected companies are African Champion Industry Limited (ACI), Clydestone (Ghana) Limited (CLYD), Golden Web Limited (GWEB), Pioneer Kitchenware Limited (PKL) and Transaction Solutions Limited (TRANSOL).

A statement issued by the GSE on Friday August 25, “these companies have failed to meet their continuing listing obligations in spite of several promptings to do so.”

These obligations include; failure to submit financial reports, non-payment of annual listing fees and failure to conduct Annual General Meeting (AGM), among others.

The suspension of trading in the above companies will be in force until September 8, 2017, which is the deadline for the companies to rectify the anomalies.

“Failure to do so will attract further sanctions as per the GSE Listing Rules,” the statement added.


ABOUT: Nana Kwesi Coomson

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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