The Nairobi Securities Exchange #ticker:NSE (NSE) Wednesday quietly suspended Mumias Sugar #ticker:MSC from trading at the bourse after the loss-making miller was placed under receivership, thus stopping 130,951 small investors from accessing their shares.
The NSE said it had frozen Mumias shares from trading after consultations with the Capital Markets Authority (CMA) but lamented about scant information on KCB Group’s takeover of the indebted miller’s operations.
