EOH shares soar on debt-reduction news
The company’s stock closed 44.55% stronger as the market reacted positively to the news
Shares in technology group EOH, which has been struggling under a mountain of debt for years, soared more than 50% on Tuesday to its highest levels since February after the company said it has paid a third of its debts more than two months ahead of schedule.
The share price, which once fetched as much as R178 at its peak in August 2015, surged 45.45% to close at R4.80 a share, the highest since February 17. ..