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Athi River Mining set for liquidation, delisting at the NSE
Tuesday April 27 2021
An Athi River Mining company factory. The firm was once the region’s largest cement maker. The company’s stock was suspended from trading on the NSE indefinitely, effective May 8, 2020. PHOTO | FILE | NMG
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Troubled cement maker Athi River Mining is set for liquidation in the next five months and eventual delisting from the Nairobi Securities Exchange after more than two years under administration failed to revive its operations.
The EastAfrican has learnt that the transition of the company to liquidation from administration is set to take place on September 30 with the joint administrators becoming joint liquidators to facilitate an orderly winding-up of the affairs of the company and its subsidiaries, in line with the mandate of a liquidator as set out in the Insolvency Act (2015). ....

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