Kenya: Regulator Suspends Troubled ARM Cement From NSE

The Capital Markets Authority (CMA) has suspended the shares of ARM Cement from trading on the Nairobi bourse after the company was placed under administration on Friday.

According to a public notice issued by Nairobi Securities Exchange (NSE), the shares of the cement-maker, stuck in more than Ksh14.4 billion ($144 million) debt, will remain suspended from the bourse for seven working days effective Monday, August 20.

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