The suspension came into effect last August pending finalisation of investigations by the parent firm,
Said ZSE chief executive officer Justin Bgoni: "
"The ZSE has now received confirmation from Hippo of the conclusion of the THL investigations and have applied for the lifting of the voluntary suspension from trading."
Hippo Valley had fully met all the pre-requisite compliance issues to the satisfaction of the listings committee, which in turn lifted the suspension on trading of the shares.
"The ZSE Listings Committee satisfied itself that all the compliance issues, which led to the suspension had been fully met and resolved to lift the suspension with effect from
Now that the investigations have been completed and the results lifted, Hippo is back in trades.
Prior to the voluntary share suspension, the South African-based parent company THL, had in
An initial investigation uncovered business and accounting gaps that required further investigation and as a result PricewaterhouseCoopers Advisory Services (PwC), was appointed to undertake a thorough interrogation of the alleged financial shenanigans.
The resultant PwC report that ensued on
The subsidiary, Hippo Valley, was inevitably victim to the alleged malpractices and therefore subject to the report. The 2019 full year financials were published on
Further, half year 2020 financials for the subsidiary were released on
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