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CMA bars Cytonn from taking up new investors till name change

CMA bars Cytonn from taking up new investors till name change
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Cytonn calls meeting to decide fate of Sh16b real estate investments

THE STANDARD
BUSINESS
Cytonn Investments CEO Edwin Dande during a media breakfast meeting in Nairobi, on Wednesday, September 30, 2020. [David Njaaga, Standard]
Cytonn Investments has announced plans for an extraordinary general meeting (EGM) to decide the fate of two troubled Sh15.9 billion real estate funds.
Liquidation is among the three options on the table that the firm will advise the board to consider in the meeting next month, after which an EGM will be called between June and July.
The EGM is expected to offer investors a chance to vote on the options presented.
This latest proposal is a further restructuring of Cytonn High Yield Solutions and the Cytonn Project Notes ahead of the expiry of the extension of their maturities in a month. ....

Edwin Dande , Cytonn High Yield Solutions , Cytonn Investments , Cytonn Project Notes , Investments Chief Executive Edwin Dande , எட்வின் டான்டே , முதலீடுகள் தலைமை நிர்வாகி எட்வின் டான்டே ,