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Message: [QUOTE="Munyaradzi Mafaro, post: 40763, member: 636"] Zimbabwe Stock Exchange removed Khayah Cement Limited from trading after company shareholders voted for voluntary delisting. The cement manufacturer faced serious financial problems and entered corporate rescue proceedings to save the business. Shareholders met on May 19, 2025 and approved the resolution to leave the stock exchange permanently. The Securities and Exchange Commission of Zimbabwe granted permission for the delisting under official regulations. Stock exchange officials completed the removal process on May 22, 2025 according to legal requirements. The delisting decision supports broader company restructuring efforts aimed at stabilizing operations outside public capital markets. Directors placed Khayah Cement under corporate rescue supervision to address mounting financial difficulties and operational challenges. The company cannot operate normally through stock market trading due to severe business problems requiring emergency intervention. Corporate rescue proceedings allow management to reorganize debt and find solutions for continued operations. Shareholders hope the restructuring process helps the cement company survive current economic pressures. Investors can no longer buy or sell Khayah Cement shares through Zimbabwe Stock Exchange trading platforms. The Securities and Exchange Act and ZSE Listing Requirements guided the legal delisting process from start to finish. Section 11 regulations allowed shareholders to request voluntary termination of stock exchange membership for their company. Officials followed Section 64 procedures to obtain regulatory approval before completing the delisting action. Former shareholders must find alternative methods to trade their Khayah Cement securities. [/QUOTE]

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