Regulator on the spot over freeze on Unga Group shares

CMA chief executive Paul Muthaura. FILE PHOTO | NMG

The Capital Markets Authority (CMA) has come under intense criticism for allowing last week’s suspension of Unga Group #ticker:UNGA shares from trading at the Nairobi Securities Exchange (NSE) #ticker:NSE.

Thursday’s freeze in trading of Unga shares came following an announcement that US firm Seaboard Corporation had made a Sh3 billion offer to buy out small shareholders.

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