Troubled ARM Cement #ticker:ARM risks losing its 70 percent stake and Sh300 million cash in a South African subsidiary after its partners in that country moved to kick it out of the company.
The Nairobi Securities Exchange (NSE)-listed firm in 2010 invested Sh75 million to acquire the controlling stake in Mafeking Cement (Pty) Limited, a dormant company which owns mining rights to limestone reserves in North-West of South Africa.
