Ghana Stock Exchange revokes suspension of PBC from stock market
Suspension of Produce Buying Company [PBC] Limited from the stock market has been revoked by the Ghana Stock Exchange [GSE].
The repeal of the company’s suspension from the local bourse was announced by the GSE in a press release on Thursday, December 16, 2021.
According to the GSE, this follows PBC’s rectification of all anomalies that led to its suspension on August 15, 2019.
“PBC has rectified all the anomalies that led to their suspension. Accordingly, the Exchange has lifted the suspension of listing with immediate effect,” said the GSE.
PBC, which is the biggest cocoa buyer, is majority owned by the Social Security and National Insurance Trust (SSNIT) and the Government of Ghana, through the Ministry of Finance.
The two lead shareholders own almost 75% of the company, which recently diversified from its core business of cocoa buying into real estate and shea nut processing through the establishment of the Golden Bean Hotel in Kumasi and the Shea Factory in Buipe.
Read details of the press statement below:
547783700 GSE Statement on PBC by Fuaad Dodoo on Scribd
