AGRO-INDUSTRIAL group,
ZSE suspended the company's shares in 2018 after failure to comply with listing requirements.
According to the listing rules, a company is obligated to ensure that 30 % of each class of equity shares is held by the public unless the listing committee agrees otherwise.
In 2017, CFI was immersed in a bitter fight between major shareholders Stalap Investments and Messina Investments and as a result failed to appoint key management officers as required under the listing rules at the material time.
The company also faced fraud and a host of mismanagement issues making it unfit to continue trading on the ZSE.
In an update recently,
"The Company has maintained efforts to engage the
Sources privy to the developments in the company are also of the contention that most of the issues which led to the suspensions have since been resolved.
Panganayi also reported that during the financial year ended
The increase was attributed to the effect of consolidating
Retail Operations contributed 99 % whilst farming operations contributed 1.0% up from -2 % recorded in the previous year.
The group invested
The Group fully repaid the Ayestock Old Mutual shares loan facility during the year while cash flows from operating activities increased due to an increase in the stockholding of retail merchandise.
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