NGX suspends trading of Transcorp shares …C0NTINUE READING HERE >>>
The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said that the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s reconstructed shares.
The Exchange said that suspension was to prevent any trading activities while the company’s registrars and Central Securities Clearing System (CSCS) reconcile their records for the listing of the reconstructed shares.
According to the regulator, the suspension action follows a share capital…
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