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Page 32 - ஸிஂபாப்வே ஸ்டாக் பரிமாற்றம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CIO investigate US$45m CAPS deal

ZIMBABWE’s state security service, the Central Intelligence Organisation (CIO), is investigating a volatile commercial dispute that has erupted between the government and interim trustees of Caps Pharmaceutical Trust involving a US$45 million deal, The NewsHawks has established. This comes as the High Court earlier this month ruled that government should seek arbitration with Caps Pharmaceutical Trust to ascertain the shareholding structure that emerged and movement of money involved  when the state bought into the pharmaceutical giant. Government in 2015 acquired a majority 68% shareholding in Caps Holdings Ltd and all its subsidiaries. The deal, which was bankrolled through Treasury Bills (TBs), was approved by cabinet on 19 November 2015.

Reserve money growth triggers market rally

Reserve money growth triggers market rally
sundaymail.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundaymail.co.zw Daily Mail and Mail on Sunday newspapers.

Powerspeed shareholders agree agree on ZSE delisting

The Zimbabwe Independent Taurai Mangudhla POWERSPEED Electrical Limited (Powerspeed) shareholders on Monday unanimously approved a resolution that the company’s shares be removed from Zimbabwe Stock Exchange bourse through voluntary termination of the listing, effectively ending its 20-year run on the bourse. This comes after a number of counters, including Dawn Properties, Falgold, ZimRe Property Investments and SeedCo have delisted from the ZSE this year. Powerspeed, which listed on the ZSE in July of 2000, earlier this year, expressed its intent to delist with the actual date of the delisting expected to be December 18, 2020. In terms of section 11 of the ZSE Listing Requirements to be effective, this resolution to delist must be passed by not less than 75% of the votes of all shareholders present or represented by proxy at the EGM.

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