TransCentury Plc’s share shed 10 percent at the Nairobi Securities Exchange (NSE) in its first trade since the announcement of a bid by Equity Bank to place it under receivership, which has since been halted by the courts.
Equity had published respective receivership and administration notices for TransCentury and its subsidiary East Africa Cables Ltd on Saturday, but the firms have since sought and received High Court injunctions barring these actions.
