Notore, 7 Other Firms Valued at N329.6bn Delisted from NGX
Notore and seven other firms, valued at N329.6 billion, have been delisted from the NGX for failing to comply with post-listing requirements. Notable companies like Mr Oil Nigeria Plc, Smart Products Nigeria Plc, and Goldlink Insurance Plc were among those delisted.
Notore contributed the most to the delisted value. The delisting process involved both voluntary and compulsory actions, with Notore and Mr Oil Nigeria Plc opting for voluntary delisting.
These actions were aimed at restructuring debt and realigning operations. Notore's unaudited financial statements showed a decrease in revenue and an increase in net financial costs.
Mr Oil Nigeria Plc also voluntarily delisted its shares.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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