CFI Holdings bourse suspension lifted

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Zimbabwe Stock Exchange chief executive officer Alban Chirume

THE Zimbabwe Stock Exchange (ZSE) yesterday lifted the suspension on the trading of shares of CFI Holdings after the company was suspended in January this year for failing to publish its financials on time.

BY BUSINESS REPORTER

Alban-Chirume

CFI Holdings is a diversified group with interests in property development.

In statement yesterday, ZSE chief executive officer Alban Chirume said: “The Zimbabwe Stock Exchange hereby notifies the investing public of the lifting of the suspension in the trading of shares of CFI Holdings Limited with effect from
May 26 2016.”

The shares were suspended to allow the company to publish its audited financial statements for the year-ended September 30,
2015.

Chirume said the trade of CFI’s issued shares during the closed period, which was executed on the ZSE and reported to the Securities and Exchange Commission of Zimbabwe, contributed to the decision to suspend trading in CFI’s shares.

The company published its results on May 13 2016 to comply with the ZSE listing requirements, thus necessitating the lifting of the suspension.

The suspension and its lifting were approved by the Securities and Exchange Commission of Zimbabwe pursuant to Section 64 of the Securities and Exchange Act [Cap24.25].

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