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Pioneer Kitchenware Suspended From GSE


Pioneer Kitchenware Suspended From GSE

POSTED BY administrator on Mar 30 under Kitchenware

Pioneer Kitchenware Suspended From GSE
News from GhanaWeb:

Business News of Friday, 30 March 2012

Source: Daily Graphic

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The Pioneer Kitchenware Limited (PKL), a privately owned company with interest in the production and sale of aluminum household wares, has temporarily lost its status as a listed company on the Ghana Stock Exchange (GSE).

The move followed the decision by the GSE to suspend PKL from the bourse, citing the company’s disobedience to stock market rules.

The Securities and Exchange Commission (SEC) which regulates the country’s capital market has consequently requested a meeting it, the GSE and managemen…………… continues on GhanaWeb

… Read the full article

Related News:

Capvis starts sale of German kitchenware maker WMF
News from Reuters:

FRANKFURT | Wed Mar 28, 2012 10:15am EDT

FRANKFURT (Reuters) – Swiss buyout group Capvis has started a sale of its majority stake in WMF (WMFG.F), the chief executive of the German table and kitchenware supplier said, confirming what people close to the process previously told Reuters.

“We will cooperate in the sales process now under way for the good of the company,” Thorsten Klapproth said in a statement on Wednesday.

He said Capvis’s options included a placement of shares on the stock exchange or a sale of its 52 percent stake to one or more investors.

Macquarie, Commerzbank and Lilja have been picked to organize the stake sale, a source close to the transaction said.

Reuters first reported the divestment plans in early March.

WMF, a household name in high-end cutlery and cooking pots in Germany, has a market capitalisation of 509 million euros ($ 678 million). Capvis bought its stake for 92 million euros in 2006.

… Read the full article

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