Shoe vendor share trading suspended as firm seeks financial deal

The K-Shoe shop along Kenyatta Avenue in Nairobi on March 28, 2016. FILE PHOTO | SALATON NJAU | NMG

The Nairobi Securities Exchange (NSE) has suspended the trading of shares of shoe vendor, Nairobi Business Ventures ticker:NBV, to pave way for a key financial transaction deal with new investors and lenders.

NSE said in a Wednesday afternoon statement that the shares would remain suspended for a month effective October 14, 2020, to allow for the completion of the company’s restructuring.

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