Value Group soars on plan to delist from JSE
The logistics group says its shares lack liquidity
18 February 2021 - 18:45
Diversified logistics company Value Group’s share price climbed 42.5% on Thursday, the biggest move in more than five years, after it announced plans to delist from the JSE.
The stock closed at R6.50 after the company cited the low liquidity of its shares on the bourse as a key reason for delisting. It said too many shares were tightly held. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.