Share prices of TransCentury and its subsidiary East African Cables fell on Friday after Equity Bank moved to seize control of the two companies on account of unpaid debt of Sh4.74 billion, spooking investors.
TransCentury shed 6.7 percent to close the day at Sh1.12 per share, while East African Cables was down 1.2 percent to Sh1.71 per share. TransCentury saw 493,600 shares change hands on the day, an increase from 14,900 shares in the previous session.
