The protracted struggles of Kuwait's Global Investment House took a new turn yesterday after market regulators extended a suspension of trading in its shares.
The extension came as the company's accumulated losses exceeded 75 per cent of its capital, breaching Kuwaiti market rules.
Global had already halted trading last month pending the release of its third-quarter results, but no transactions have been recorded since the results came out, according to Bloomberg News.
No comments:
Post a Comment