KEY POINTS The top gainer of the day was BK Group with 8.05 percent at the price of 38.25 shillings per share. It was followed by Britam Holdings with 5.06 percent at the price of 8.30 shillings per share. The top gainer of the day was BK Group with 8.05 percent at the price of […]
Top gainers The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were Stanbic Holdings, Stanlib Fahari Income – REIT, Sasini, Bamburi Cement, and Carbacid Investments. Stanbic Holdings gained 3.76 percent at the price of 89.75 shillings per share followed by Stanlib Fahari Income – REIT with 2.65 percent at the price […]
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG The Capital Markets Tribunal is yet to start hearings of a case in which Carbacid Investments’ proposal to acquire BOC Kenya for Sh63.5 per share has been opposed by a minority shareholder. Former BOC chairman […]
BOC gas filling plant in Industrial area. Photo/File The Covid-19 pandemic was a blessing in disguise for industrial and medical gases firm processor-BOC Kenya which has reported an 81.9 per cent jump in profit for 2020. The listed company’s net profit for the year ended December 31 almost doubled to Sh101.7 million from the Sh55.9 […]
The spectre of a dead deal loomed when it emerged that an employee of BOC Kenya Plc, an industrial and medical gas manufacturing company, which is currently involved in an acquisition process by Carbacid Investments Ltd and Aksaya Investments LLP, filed a labour dispute in court against the company for a claim of Sh15 million. […]
CMA chief executive Wycliffe Shamiah. FILE PHOTO | NMG The Treasury has proposed legal amendments that will see the Capital Markets Tribunal resolve disputes, such as fallouts arising from mergers and acquisitions, within 90 days. The Finance Bill 2021 seeks to delete subsection 17 of Section 35A of the Capital Markets Act. This part of […]
PHOTO | COURTESY BOC Kenya has frozen the proposed takeover of the company pending guidance from the Capital Markets Authority (CMA). The freezing of the transaction that would have seen Carbacid Investments acquire the industrial gas manufacturer in just a few months follows the filing of an appeal with the Capital Markets Tribunal (CMT). “Pending […]
NAIROBI, KENYA: The proposed BOC gases takeover by Carbacid investments and Aksaya investments has been put on hold pending an appeal at the Capital Markets tribunal. In a cautionary statement to shareholders and investors, BOC said an appeal was filed on March 2 at the Capital Markets Tribunal (CMT) by a shareholder in respect to […]
NAIROBI, Kenya, Feb 25 – Listed investments firm Carbacid Investments (NSE: CARB) has announced an 18 percent after-tax profit jump in its half-year results. The results published today indicate that Carbacid Investments Limited (CIL) net profit for the half-year ended 31 January 2021 accelerated to Kshs 210 million up from Kshs 178 posted for the […]
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG Medical and industrial gas manufacturer BOC Kenya has told its shareholders to stop sending in forms committing to sell their shares to Carbacid Investments which has offered to acquire the company at Sh63.5 per share […]
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