The Nairobi Securities Exchange (NSE) has suspended trading in the shares of debt-ridden sugar miller, Mumias Sugar Company on Wednesday.
On Tuesday, KCB Group placed the sugar miller under administration and appointed Mr. PVR Rao (Tact Consultancy Services) as the sugar company’s receiver-manager to protect its assets and maintain its operations.
As a result, shareholders of Mumias Sugar Shares will not be able to liquidate their holdings.
