– Exclusive
The Amman Stock Exchange decided on Thursday to suspend the trading of Jordan Cement Factories Company shares, after the company refused to disclose essential information related to the company that affected the share price, according to exchange workers.
Traders told Khaberni that the company refrained from disclosing the truth about what was being circulated regarding the Maneesir Group's acquisition deal of Lafarge's French company's stake in the company, amounting to 50.275%.
They explained that the trading screens showed an increase in demand for the company's stock during the recent sessions, with the circulation of a letter issued by the head of the General Union of Miners and Mining Workers, Khaled Al-Fanatseh, which confirmed the completion of the acquisition agreement, and the acquiring company has committed to guaranteeing the rights of the employees in the acquired company.
The share price of the company rose from 0.61 dinars at the end of November on Sunday, to 0.72 dinars by the end of trading on Wednesday, with an increase of 18% over 4 days.
