JSE to probe Steinhoff for possible breach of listing requirements
But the JSE says it will stick to its original decision not to suspend trading in Steinhoff, indicating that the firm has disclosed as much price sensitive information as it can
On Monday, the JSE said it had launched an investigation to determine if embattled Steinhoff International had breached its listing requirements. This included any breaches in relation to previous financial disclosures the company had made to the public. Steinhoff has been rocked by an accounting scandal, which wiped off as much as R215bn of its market value in the space of a week. The local bourse operator also said in the statement it would stick to its original decision not to suspend trading in Steinhoff shares, indicating that the company had disclosed as much price sensitive information as it was able to.
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