The High Court has declined to allow the sale of the shares of First European Finance Investment Limited (FEFI) in three companies, including the Vipingo Ridge Ltd, which operates an exclusive golf resort in Kilifi County, as a dispute among shareholders escalates.
FEFI, a special purpose vehicle owns shares in Vipingo Ridge Ltd, Vipingo Beach Ltd, and Sunsail Trading Company Ltd, which were previously owned by a former executive director David Mitchell.
