ARM Suspension extended for 9 Months – NSE.
Suspension of trading on Shares of cement company Athi River Mining Cement Plc has been extended by 9 Months effective 14th August, 2019 when the firm was expected to resume trading.
ARM Cement Plc was put under administration by UBA Group on Friday 24th August, 2018. This consequently led to the initial suspension from trading by NSE on 28th August 2018.
The extension of suspension from trading the company’s shares will remain in force for a further 9 calendar months, with effect from August 14, 2019. – NSE
Since then,there has been four extension notices to shareholders who are now stuck and can not be able to liquidate their holdings.