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Agriculture chemicals manufacturer Chemco Holdings delisted from the Zimbabwe Stock Exchange with effect from yesterday as it prepares to restructure.

Trade in Chemco shares was suspended in 2012 as shareholders felt restructuring would be best implemented outside the pressures of the Zimbabwe Stock Exchange listing regulations and other listing related expenses.

Shareholders of the company approved the delisting of the shares at an extraordinary general meeting in March, paving the way for its takeover by TSL Limited.

Apex Corporation, Cairns Holdings, Celsys, Chemco Holdings, Interfresh, Gulliver, Interfin, Lifestyle Holdings, Phoenix Consolidated, Steelnet and Trust Holdings had delisted last year or were in the process of finalising their exit.

Source : The Herald