• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GSE suspends listing of Sam-Woode Limited

5 years ago
in Business, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
77
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Ghana Stock Exchange (GSE) has suspend the listing of Sam-Woode Limited (SWL).

This is because the company has suspended its operations.

This will be the sixth time the GSE is suspending a firm on the Accra Bourse.

African Champion Industry Limited, Clydestone (Ghana) Limited; Golden Web Limited (GWEB); Pioneer Kitchenware Limited and Transaction Solutions Limited have all been suspended by the GSE before.

The GSE said in a statement that SWL, which is a publishing company, has informed the self-regulator of the suspension of its operations due to the negative impact of the introduction of the new GES curriculum, which led to a subsequent obsolescence of its textbook inventories and the stoppage of its book sales operations.

The company has therefore filed a suspension of operations with the Ghana Revenue Authority (GRA) and the Social Security and National Insurance Trust (SSNIT).

Rule 13(4)(a) of the GSE Listing Rules empowers GSE to suspend a listing where a listed company has ceased to be an operating company.

RelatedPosts

Parliamentary Select Committee on Lands and Natural Resources Visits AGA Iduapriem Mine

Parliamentary Select Committee Lauds Gold Fields’ Contributions During Working Visit

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports

“It is on this basis that GSE will suspend the listing of SWL from Tuesday, September 29, 2020”, it explained.

Earlier, SWL has informed GSE of a special resolution passed by its shareholders at its Annual General Meeting of November 21, 2019 to voluntarily delist from GSE, and the company’s plans to undergo restructuring.

The company is being restructured into a parent company, Sam-Woode Ltd, with two subsidiaries.

The first subsidiary, SWL Learn Ltd, is a novel online Educational Portal (SWL Learn APP). This app is equipped with the latest Augmented and Virtual Reality Educational Technology.

The second subsidiary is SWL Edutech Ltd which will be a printing press to be involved in printing and manufacturing teaching and learning materials.

The publishing company admits that it has fallen behind in its regulatory compliance at GSE and will expedite action on submitting all returns to GSE.

The GSE will thus ensure that SWL communicates with its investors, plans to honour its voluntary de-listing obligations in line with the Exchange’s Rules.

It concluded that further information, through press releases, will be published as appropriate.

Tags: Ghana Stock ExchangeSam-Woode Limited
No Result
View All Result

Highlights

COCOBOD in ICU: Can Dr. Raddy Abbey Resuscitate Ghana’s Cocoa Lifeline?

Hands Off Our Cedi! Ghana’s Cedi Reset Will Be Written in Accra, Not Washington!

BoG Directs Mining Firms to Route Forex Inflows Through Commercial Banks

US Open: Alcaraz Exorcises Second-Round Demons, Djokovic Through to Next Round

Manchester United Eliminated from Carabao Cup by Fourth-Tier Grimsby

UCL: All You Need To Know Ahead Of The League Phase Draw on Thursday As Three Clubs Qualify For The First Time

Trending

Business

Parliamentary Select Committee on Lands and Natural Resources Visits AGA Iduapriem Mine

August 28, 2025

Parliamentary Select Committee on Lands and Natural Resources Visits AGA Iduapriem Mine The Parliamentary Select Committee on...

Parliamentary Select Committee Lauds Gold Fields’ Contributions During Working Visit

August 28, 2025

GRA Refutes Claims of Irregularities in Auction of Perishable Goods at Ports

August 28, 2025

COCOBOD in ICU: Can Dr. Raddy Abbey Resuscitate Ghana’s Cocoa Lifeline?

August 28, 2025

Hands Off Our Cedi! Ghana’s Cedi Reset Will Be Written in Accra, Not Washington!

August 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.