Cement News tagged under: East African Portland Cement Co

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East African Portland suspended from trading on bourse

18 January 2012, Published under Cement News

Shares of East African Portland Cement (EAPCC) have been suspended from trading on the Nairobi Stock Exchange for 60 days by the Capital Markets Authority, The Standard of Kenya reports. The suspension is to protect investors from the on-going boardroom dispute at the Kenyan cement producer which began on 23 December 2011 with the suspension of MD, Kepha Tande, and board members over allegations of malpractice. This resulted in a stand-off between EAPCC management and stuff and operations...