NSE suspends Mumias, Deacons indefinitely

Mumias Sugar Company entrance. FILE PHOTO | NMG

Nairobi Securities Exchange (NSE) has extended suspension on trading of Mumias Sugar Company and fashion retailer Deacons East Africa shares, locking in investor wealth indefinitely.

The financially troubled firms were placed under receivership on September 20, 2019 and November 19, 2018 respectively due to default on loans amounting to billions.

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