Chemco to De-List From Zimbabwe Exchange, Newsday Reports

Chemco Holdings Ltd. (CHEMCO), a Zimbabwean chemical company, plans to de-list from the country’s stock exchange, Newsday said, citing Anthony Mandiwanza, Chemco’s chairman, and Chief Executive Officer Washington Matsaire.

De-listing from the Zimbabwe Stock Exchange will save the company about $500,000 and has the approval of Chemco’s controlling company, Harare-based TSL Ltd. (TSL), Newsday said on its website.

No date has been set for de-listing, Harare-based Newsday added.

To contact the reporter on this story: Brian Latham in Johannesburg at in Harare at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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