The decision by the GSE stems from CPC’s repeated failure to submit its financial reports as required by listing regulations, a statement issued by the GSE explained.
Cocoa Processing Company listed on the GSE in 2003.
Government through three state institutions owns 94.1 per cent shares in the company.
The suspension holds until September 13, the GSE said, indicating that Cocoa Processing Company has up to that time to comply with the requirements.
“The suspension of trading in CPC will be in force until September 13, 2017, which is the deadline for the company to rectify the anomalies,” the statement said.
It has meanwhile cautioned that failure of the CPC to comply with its directives will attract further sanctions per the GSE listing rules.
Earlier this week, five other companies were suspended but two of them, TRANSOL and Clydestone, later had their suspension lifted.
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