Investment experts have now attributed the excitement on the share to speculation and capital preservation. “The wording of the cautionary statement merely suggests a delisting, which may have been misinterpreted as "buyout",” Thakar said. Johnson Denge - investment analyst and director at Pep real estate development and contractors noted that TransCentury delisting is voluntary, hence one of the reasons for the spike in the share price. “We, therefore, want to position the business to access these additional sources of growth capital to be able to capitalize on the great opportunities we have created in the last three years,” Njiinu said. If approved, all the issued ordinary shares of the company comprising 375,202,766 shares of par value Sh0.50 each shall be de-listed.

Source: The Star July 11, 2020 03:56 UTC