Pioneer Kitchenware Ltd (PKL) listing status has been suspended with immediate effect and may be delisted by end of December 2018 if its inability to fulfil its continuing listing obligations persists. Issue at stake is the continued threat to its financial position because the company is currently not in production. This is inline with the GSE Listing Rule 13(4)(g) & (h).
The implications for Prospective and Current Investors
- Current Investors/Shareholders – Will not be able to sell any shares that they currently own in the Company
- Prospective Investors/Shareholders – Will not be able to buy any shares in the Company
Last Reported Price – GHp5 on August 16, 2018
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