Mumias Sugar shareholder wants answers on NSE trading suspension
Taiti Hanningtone, through his lawyer, wants CMA to provide details on the status of the suspension, Mumias' compliance with disclosure requirements and whether there is a clear path for the shares to resume trading or be delisted...
✨ Key Highlights
A Mumias Sugar Company shareholder is demanding answers from the Capital Markets Authority (CMA) regarding the nearly seven-year suspension of the company's shares on the Nairobi Securities Exchange (NSE).
- Trading in Mumias Sugar shares has been suspended since September 26, 2019.
- The shareholder, Taiti Hanningtone, is seeking details on the suspension's status, compliance, and future trading prospects.
- The shareholder's lawyers have given the CMA 14 days to provide the requested information.
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Mumias Sugar Shareholder Wants Answers on NSE Trading Suspension - September 2026
A Mumias Sugar Company shareholder is demanding answers from the Capital Markets Authority (CMA) regarding the nearly seven-year suspension of the company's shares on the Nairobi Securities Exchange (NSE). The High Court has temporarily halted the sale of Diageo's controlling stake in East African Breweries (EABL) to Japan's Asahi Group Holdings, pending regulatory reviews. Kenya's Capital Markets (Amendment) Act, 2025 has significantly altered ownership thresholds for capital markets intermediaries, moving from fixed statutory limits to a more flexible regulatory framework.
