Grit's Sh20.9bn Kenya property empire under pressure
Nairobi, Aug. 24 -- A Mauritius-based property firm that owns malls, luxury homes, and office blocks in Kenya valued over Sh20 billion remains suspended from the London Stock Exchange (LSE) following delays in publishing its financial results.
Grit Real Estate Income Group, which owns properties such as Naivasha's Buffalo Mall and Rosslyn Grove that hosts US Embassy staff, was suspended from trading at the LSE and the Stock Exchange Mauritius (SEM) from May 1, for failing to file its financial statements.
The United Kingdom's Financial Conduct Authority (FCA) said Grit had requested the suspension of trading of its shares to enable it to put its house in order.
"Shareholders of the Company and the general public are referred to the com...
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