×
× Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
Login ×

Deacons share suspended by CMA

By Otiato Guguyu | November 20th 2018 at 12:04:33 GMT +0300

NAIROBI, KENYA: Clothing firm Deacons East Africa has become the second company to be suspended from the Nairobi Securities Exchange over insolvency concerns.

The cash-strapped retailer said it has appointed Peter Kahi and Atul Shah of PKF Consulting as joint administrators of the company after it ran into financial distress.

The NSE on Monday announced that the Capital Markets Authority had suspended Deacons shares from trading of from November 19, 2018 and shall remain in force for a period of 40 working days.

Just in August this year regulators suspended Athi River Mining from trading after it was also placed under administration.

Read More


Deacons East Africa PKF Consulting
Share this story

More stories


Take a Break

Feedback