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Finance & InvestmentFri, 17 Dec, 21

Ghana Stock Exchange Lifts Ban On PBC Listing

Ghana Stock Exchange Lifts Ban On PBC Listing

The Ghana Stock Exchange (GSE) has, with immediate effect, lifted the suspension of listing that was imposed on PBC Limited (PBC).

On August 13, 2019, the GSE, per its Press Release No. 303/2019 announced the suspension of listing status of PBC from Thursday, August 15, 2019.

The Ghana Stock Exchange has said in a statement that PBC has rectified all the anomalies that led to their suspension and has since been reinstated to participate in the exchange listing.

PBC Limited (PBC) is a Ghanaian-owned company, which buys, collects, stores, transports and deals in cocoa, coffee and sheanuts.

The Company's business segments are Produce, which is engaged in the sale of cocoa beans and sheanut, and Haulage, which is engaged in the transporting of cocoa beans.

The Company is a service provider in cocoa and other agricultural produce, hospitality and agro-processing in the West African sub-region. Its subsidiaries include Buipe Shea Nut Company and Golden Bean Hotel.

The Golden Bean Hotel is a 50 room hospitality facility located at Nyiaeso in the Kumasi Metropolis. It operates in all the cocoa growing regions, namely Ashanti, Brong Ahafo, Central, Eastern, Volta and Western regions.

However, Ghana Stock Exchange suspended PBC following a failure of the company to publish its financial results for the year ending of September, 2018.

Accordingly, the Exchange has lifted the suspension of listing with immediate effect.

 

Source: Abdul-Razak Mohammed (Real Estate Times Africa)

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