Kenyan Market Regulator Extends Suspension of CMC for 90 Days
By Eric Ombok -
2011-09-27T05:00:50Z
Kenya’s financial-market regulator extended the suspenion of CMC Holdings Ltd. (CMCH)’s shares from trade on the Nairobi Stock Exchange for 90 trading days to facilitate a probe into a dispute between directors of the company.
The shares of Kenya’s biggest publicly traded auto dealership had been scheduled to resume trading today, the Capital Markets Authority said in an e-mailed statement.
To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net
To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net
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