ZSE halts trading of CFI shares

THE Zimbabwe Stock Exchange (ZSE) yesterday issued CFI Holdings with a trading halt, which suspended the trading of shares, charging that there was information asymmetry at the listed agri-industrial concern.

VICTORIA MTOMBA

A trading halt occurs when a stock exchange stops trading on a specific security for a certain time period.

ZSE chief executive officer Alban Chirume told NewsDay yesterday the suspension was a temporary measure.

“We have halted the trading of CFI Holdings shares because various players in the market have different information on the company and it is a short notice which will last for about a day. As of now, we don’t know if it will be on halt tomorrow [today],” he said.

Last year, CFI cancelled its annual general meeting after one of the shareholders, Nicholas van Hoogstraten, said the company did not give shareholders enough time to look at the circulars before the meeting.

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