Business News

Delisting: NGX places full suspension in trading of Capital Hotels Plc shares

The Nigerian Exchange Limited has placed full suspension in trading and delisting of the shares of Capital Hotels Plc.

This was contained in the Nigeria Exchange Limited (NGX) report seen by Naijaonpoint.

The Nigeria Exchange Limited (NGX) had approved the delisting of shares of Capital Hotels Plc to enable the company to explore strategic opportunities.

This was disclosed via a corporate filing statement sent to Nigeria Exchange Limited on September where the hospitality company revealed the terms given by the exchange to enable the company to proceed with the delisting process.

Capital Hotels revealed that NGX had approved the delisting application provided the company opened an escrow account where shareholders who had agreed to exit would be paid.