The Capital Markets Authority (CMA) has suspended trading in the shares of investment firm TransCentury Limited (TCL) and its subsidiary East African Cables indefinitely, after the two companies were seized by Equity Bank last week over unpaid debt of Sh4.74 billion.
The suspension, which follows the placement of TransCentury under receivership, and East African Cables under administration, will run indefinitely as per a notice published by the Nairobi Securities Exchange (NSE).
