National Tyre Services is bouncing from the Zimbabwe Stock Exchange after bleeding cash for years, and the company will officially peace out at the end of the month to become the 38th firm to ditch the bourse. The tire business got wrecked by a 121.19 million ZiG loss and basically stopped trading shares for most of the year, with eight months seeing zero activity and volumes staying pathetic when anything moved.
Power outages tanked factory output to about 30 percent capacity and killed an estimated 40 percent of projected sales across branches. Shareholders voted to approve the exit after regulators signed off, and management thinks going private will help the operation survive Zimbabwe's economic mess without dealing with listing requirements.
Power outages tanked factory output to about 30 percent capacity and killed an estimated 40 percent of projected sales across branches. Shareholders voted to approve the exit after regulators signed off, and management thinks going private will help the operation survive Zimbabwe's economic mess without dealing with listing requirements.
