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September 2, 2026
2h ago

Mumias Sugar Shareholder Demands CMA Explain Prolonged Suspension of Shares

Mumias Sugar Shareholder Demands CMA Explain Prolonged Suspension of Shares

Questions have also been raised about financial reports and other information that Mumias should provide to investors...

✨ Key Highlights

A Mumias Sugar Company shareholder, represented by lawyers, has issued a 14-day ultimatum to the Capital Markets Authority (CMA) demanding an explanation for the prolonged suspension of the company's shares, which has prevented investors from trading since 2019.

  • The shareholder seeks clarity on the reasons for the suspension, the laws invoked, and any subsequent decisions allowing it to continue.
  • Key parties involved are the Mumias Sugar Company shareholder and the Capital Markets Authority (CMA).
  • The shareholder also questions if Mumias has met its obligations regarding financial reporting and corporate governance during the suspension.

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