Nigeria, March 4 -- Union Dicon Salt Plc has revealed that it has been unable to establish contact with its biggest shareholder, Aims Limited, despite making several attempts to reach the firm.

The company announced the break in communication with Aims Limited on Tuesday, in a statement posted on NGX Group, and signed by its secretary, Alfred James.

The salt producer explained that Aims Limited holds a 40 per cent stake in the company, representing N64 million in issued shares, but repeated attempts to establish contact with the firm proved abortive.

"In line with the provisions of 17.5 Rule book of the Exchange 2015 (Issuers Rules), Union Dicon Salt Plc (Union Dicon or the Company) hereby notifies Nigerian Exchange Limited (NGX), the ...