SHAREHOLDERS have been urged to exercise caution when dealing with seed manufacturing giant,
The firm's shares were suspended from the ZSE in
SCIL's shares remain suspended as the government is determined to halt dual listed shares to avoid parallel market exchange rates hikes.
However, the ZSE has since announced investigations concluded that dual-listed companies, including
It was however revealed that implied exchange rates were being derived from the comparison of dual listed share prices on the ZSE and other exchanges and such implied rates were believed to be the leading indicators of speculative parallel foreign exchange rates in
As a result, the company is pursuing a merger exercise which is likely to have an impact on the shares which will result in merging the Zimbabwean operations, held under
The company is also headed towards listing at the
"The Transaction if successful may have a material effect on the price of the securities of
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