The promoters of investment firm Cytonn have sued Superior Homes over the planned sale of their 12.5 percent stake in the real estate developer as part of plans to raise funds to compensate investors who lost Sh14 billion in the various Cytonn entities.
Cytonn Investment Partners Fifteen LLP says the property firm has conspired to sell the stake in contravention of an existing court injunction preserving the shareholding for the benefit of creditors.
