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CMA explains Uchumi, KQ trading with negative equity

Mr James Ndegwa: The Treasury is the guarantor of the last resort. PHOTO | DIANA NGILA

Capital Markets Authority (CMA) has allowed two companies with negative equity to continue trading at the Nairobi Securities Exchange (NSE) owing to significant government stake.

Kenya Airways and Uchumi Supermarkets have more liabilities than assets, indicating their shareholders would not get a cent today if the companies were wound up.

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Note: The results are not exact but very close to the actual.

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