- ZSE has suspended trading of Meikles Limited shares with immediate effect
- The suspension aims to allow Meikles Limited to address certain corporate governance concerns
- During the halt period, investors will not be able to buy or sell Meikles Limited shares
Harare- The Zimbabwe Stock Exchange Limited (ZSE) has suspended trading of Meikles Limited shares with immediate effect until further notice.
This decision was announced in a circular posted today, and it aims to allow Meikles Limited to address certain corporate governance concerns.
Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves the relationships among a company's management, board of directors, shareholders, and other stakeholders.
Good corporate governance ensures that a company is managed in a responsible and transparent manner, with clear lines of accountability and decision-making processes.
In the case of Meikles Limited, the ZSE has suspended trading to allow the company to address certain corporate governance concerns.
During this halt period, investors will not be able to buy or sell Meikles Limited shares.
The outcome of this suspension will depend on the company's ability to address the identified concerns and meet the necessary regulatory requirements.
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