Launching and Listening of Dannex Ayrton Starwin PLC.
Editor/Publisher: Bismark Oppong
Dannex Ayrton and Starwin PLC to start trading on stock market after merger.
In his welcome address at the Chimbar of Commerce in Accra today, the MD, Ghana Stock Exchange Ekow Afedzie said the country have had six mergers including today’s one.
They come with a bigger market cup and potentially to make profit and the bring about synergies and increased markets
There would be liquidity for their shareholders and they have the opportunity to raise on turn capital and he encourage more mergers to improve performance and take the advantageis of the market.
11 to 14 companies listed in the world
We have the main equity market and the Ghana alternative market making 49 companies on the equity side with 624 million equity value
Bond market e have about 80 government listening in this market and close about 90 billion market card wjth 66.79 billion market close to 70 percent.
We want to transition from the frontier market to an emerging market to facilitate the development needed.
To raise capital and provide the Avenue for investment.
To encourage saving culture among the people.
“It is important for companies in ghana to take a cue from what dannex and aryton and starwin are doing.”
The Lead Manager/UMB, Mr. Benjamin Ackah said the journey had been along involving rigorous procedure.
Over 40 years we have been on the stock market and continue to have good relationship with the Ghana Stock Exchange.
This is the first time three local companies are coming together to become one big institution. And that the transaction provides oppotutineis to other companies to merger and grow.
The CEO, Dannex Ayrton Starwin Plc-, Mr. Daniel Apeagyei Kissi said
Delivering the keynote Address on: Merger and Prospects ahead of DAS, the Charman of Dannex Aryton Starwin Plc, Mr. Nii Amartteifio said …
Hold soon update from the mentioned persons will follow.
Story by Carlos Afanou
/www.ghanansemonline.blogger.com
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