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Phumelela shares to be delisted as company break-up continues

14th December 2020 9:55 am GMT

South African racing and betting operator Phumelela Gaming and Leisure will see its shares delisted from the Johannesburg Stock Exchange in January after a seven-month suspension.

Trading in Phumelela shares was suspended on 8 May at the request of the company after it filed for bankruptcy protection due to the negative impact of Covid-19 on its already adverse trading conditions.

With the company’s assets now being marketed for sale to pay off creditors, Phumelela said Friday that [...]

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