Regulator suspends troubled ARM Cement from NSE

A worker at an ARM Cement plant. FILE PHOTO | NMG

The Capital Markets Authority (CMA) has suspended the shares of Athi River Mining (ARM) Cement #ticker:ARM from trading on the Nairobi bourse after the company was placed under administration on Friday.

According to a public notice issued by Nairobi Securities Exchange (NSE), the shares of the cement-maker, stuck in more than Sh14.4 billion debt, will remain suspended from the bourse for seven working days effective Monday, August 20.

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