Mubasher: Boursa Kuwait announced that trading activity on Gulf Franchising Holding will be suspended starting from Tuesday, 31 July 2018.
This suspension will remain until Gulf Franchising completes the procedures of restructuring the company, according to a bourse statement on Monday.
On 8 July, the ordinary general meeting (OGM) of Gulf Franchising approved reducing the capital to about KWD 949,880 from KWD 3.25 million to offset accumulated losses as on 31 December 2017.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
