Troubled Uchumi postpones AGM

Uchumi Group shareholders during the AGM held on January 20, 2016. PHOTO | DIANA NGILA | NMG

Uchumi Supermarkets #ticker:UCHM has postponed its Annual General Meeting (AGM) by more than three months to allow for conclusion of negotiations with a potential investor, the retailer announced on Wednesday.

The publicly traded firm says the meeting, scheduled for December 20, has been pushed back to a date likely to be before March 31, 2018.

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