ARM to remain out of exchange for 21 more days

Stockbrokers at the Nairobi Securities Exchange. FILE PHOTO | NMG

ARM Cement #ticker:ARM has been suspended from trading on the Nairobi Securities Exchange (NSE) for a further 21 days, the Capital Markets Authority (CMA) has told investors of the company.

The cement manufacturer’s stock has been suspended since August 20 after its lenders placed it under administration, with the company having defaulted on its loans. The new suspension takes effect Friday (September 28, 2018).

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