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CMA cautions investors against Cembe Millers offer
Capital Markets Authority acting CEO Paul Muthaura. CMA has asked Cembe Millers public offer promoters to withdraw it. PHOTO | FILE
The Capital Markets Authority (CMA) has warned investors against buying shares in Cembe Millers after the little-known company announced an unauthorised public offer on Thursday.
The miller is asking investors to put in a minimum of Sh650,000 in the new venture promising a annual gross margin of Sh570 million.
