Falgold Suspension Lifted, Counter Now Back On The Stock Exchange

The Zimbabwe Stock Exchange has lifted a suspension it imposed on Falgold after it failed to publish its financial results for the period ending September 30 2018. Falgold asked ZSE for a voluntary suspension in February 2019.

According to the ZSE CEO, Falgold has taken corrective measures and has since applied for the suspension to be lifted:

Falgold has since taken corrective measures and therefore applied for the lifting of the suspension. The ZSE listing committee satisfied itself that all the compliance issues which led to the voluntary suspension request had been fully met and resolved to lift the suspension with effect from September 23, 2019.

Falgold for the half-year period reportedly made a loss of $27.2 million mainly due to exchange rate issues which account for almost $23 million of the comprehensive loss.

More: The Daily News

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