KHAYAH PROPOSES DELISTING, SEEKS SHAREHOLDER NOD

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SHAREHOLDERS of Khayah Cement are set for a crucial vote next month regarding the proposed delisting from the Zimbabwe Stock Exchange (ZSE) to enable management to fully concentrate on company recovery efforts. If shareholders agree to the delisting plans via a vote at an extra-ordinary meeting slated for May 19, Khayah expects to delist its shares from the ZSE on May 22. The cement producing company has been struggling for profitability and went under corporate rescue in December last year due to growing debts and operational challenges.

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