Posts Tagged ‘ Capital Markets Authority ’

Kajwang’ now cancels lay work permit

Dec 23rd, 2011 | By | Category: Media Release

IMMIGRATION minister Otieno Kajwang’ has revoked the work permit for Bil Lay, the chief executive of listed motor company CMC. An in-house memo signed by the minister dated 20 December 2011 to the director of immigration services directed that Lay’s work permit be withdrawn until boardroom squabbles at the motor dealership were resolved.

Court blocks special CMC city meeting

Nov 17th, 2011 | By | Category: Media Release

A judge on Wednesday cancelled an extraordinary general meeting for CMC shareholders called by the ousted chairman, Mr Peter Wambua Muthoka.

Former CMC chairman faces off with regulator

Oct 31st, 2011 | By | Category: Media Release

The Capital markets regulator is opposed to the meeting scheduled for November 21, arguing that it will derail the ongoing forensic audit into the company’s finances should the extra-ordinary general meeting (EGM) replace four directors key to the probe.

CMC under suspect share trading probe

Sep 20th, 2011 | By | Category: Media Release

Motor dealer CMC sunk deeper into trouble on Monday after the capital markets regulator launched investigations into suspect trading of the company’s shares at the Nairobi bourse.