Conduit Capital says regulator too quick to act against insurance unit
Shares slump 51% after high court places Constantia Insurance under provisional curatorship
01 August 2022 - 12:05
UPDATED 01 August 2022 - 23:09
Conduit Capital’s share price plummeted on Monday after its subsidiary, Constantia Insurance, was placed under provisional curatorship by the high court — a decision it argues is premature given that it is in talks with investors about a possible capital injection.
Shares in the group slumped as much as 51% before trimming losses marginally to end at 18c by the JSE’s close — 49% lower than the previous close...
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