Diamond Trust Bank was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.56 percent at the price of 69.00 shillings per share. Olympia Capital was the second top gainer with 4.91 percent at the price of 2.35 shillings per share followed by the giant telecommunications company, Safaricom who […]
Trans-Century was the top gainer of the day on Thursday with 8.28 percent at the price of 1.83 shillings per share followed by Longhorn Publishers with 7.54 percent at the price of 4.84 shillings per share. The East African Cables was the third gainer with 6.79 percent at the price of 2.36 shillings per share […]
Loss-making investment firm TransCentury is seeking to delist from the Nairobi Securities Exchange (NSE), saying it needs to meet a precondition for accessing new capital from private equity funds. The proposal to take the company private will be put to a shareholder vote at an extraordinary general meeting to be held via electronic means on […]
The market data shows that among actively traded stocks, 27 or 47 per cent of the companies registered gains while 30 or 53 per cent posted losses. FILE PHOTO | NMG Troubled Kenya Airways leads a group of loss-making companies to emerge with the best stocks from a period when the country imposed tight coronavirus […]
TransCentury CEO Ng’ang’a Njiinu (left) hands over the keys to a containerised clinic to Kenyatta National Hospital CEO Evanson Kamuri. FILE PHOTO | NMG The firm, which has operations across East, Central and Southern Africa sought approval from the Capital Markets Authority to delay its financial performance figures for the year 2019 until the end […]
Kenya’s infrastructure investments firm TransCentury Ltd (TCL) has called for an extraordinary general meeting on July 30 seeking shareholders’ approval to delist from the Nairobi Securities Exchange after nine years of falling revenues and plummeting share price in a development. If the proposal is approved then all the issued ordinary shares of the company, comprising […]
Equity Group Holdings (EGH) Ltd has taken over more than $20 million worth of loans owed by the loss making East African Cables Ltd in a major debt restructuring plan aimed at returning the manufacturer to a strong financial footing. The restructuring will result in the refinancing of East African Cables existing debt over a […]
•It traded at Sh1.93 on Friday from its recent lows of Sh1.42. ·Financial expert and economist Mihr Thakar says speculators could be looking for a final gain or a misunderstanding on the nature of the transaction. An investor looks at the digital board at the Nairobi Stock Exchange./ TransCentury share price has gone up 36 […]
NAIROBI, Kenya, Jul 9 – TransCentury PLC has announced that it will voluntarily delist from the Nairobi Securities Exchange (NSE), citing reduced liquidity in the capital market. In a statement, Group Chief Executive Officer Nganga Njiinu says the company is now focused on attracting funding that is aligned to the Group’s strategy, which will otherwise […]
•The Board of TransCentury has passed a resolution recommending to the Company Shareholders to consider and approve the delisting from the NSE. •Its subcidiaries East African Cables and engineering and construction company-Civicon are struggling with business. A section of TransCentury’s Civicon Limited workshop in Mombasa./ Cash-strapped investment firm, TransCentury is seeking to voluntarily delist from […]
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