Cement News tagged under: stock exchange delisting
China Shanshui Cement in a race to be re-listed20 August 2018, Published under Cement NewsMoore Stephens CPA has taken up the challenge to complete the 2017 audit for China Shanshui Cement before the Hong Kong Stock Exchange's deadline of 31 October. China Shanshui Cement (CSC) aims to have its shares trading again following their delisting after a failed takeover bid by rival company China Trianrui Group Cement in 2015. But last month KPMG resigned as auditor for CSC, giving Moore Stephens the difficult task to restore the company's public shareholdings in time to meet the de... |
Ashaka Cement confirms delisting from NSE06 July 2017, Published under Cement NewsAshaka Cement Plc has formally notified its shareholders and the general public of its delisting from the Nigerian Stock Exchange (NSE). In a statement issued on Tuesday signed by company secretary, Zainab Silas-Umaru, the firm said the delisting takes effect immediately. According to the statement “Application for the voluntary delisting of Ashaka Cement was approved on May 25, 2017 by the Quotation Committee of the National Council of the NSE. “The shareholders of Ashaka Cement Pl... |
Nigeria: Ashaka Cement sees 27% profit drop in 201618 April 2017, Published under Cement NewsIn its audited results Ashaka Cement reported revenues slipping to NGN17.351bn (US$56.8m) in 2016 from NGN17.145bn the previous year. Profit before tax fell from NGN3.209bn in 2015 to NGN2.663bn in 2016. Profit after tax saw a 27 per cent decrease from NGN2.76bn in 2015 to NGN2.01bn one year later. The company applied for a voluntary delisting from the Nigerian Stock Exchange following a violation of the stock exchange’s requirement of a free float deficiency provision of 20 per cent ... |
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