Parliament Questions CMA Over Quickmart Sh15bn Share Sale Structure

According to Capital FM, concerns have been raised about investor protection in Quickmart's share offer.

Kijiji News Desk
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According to Capital FM, Parliament has questioned the Capital Markets Authority over a Sh15 billion public share offer by Quickmart Supermarket that has raised investor protection concerns.

The news outlet reports that the transaction structure means investors buying shares will not be injecting fresh capital into the retailer.

Capital FM states that this arrangement has prompted scrutiny from Parliament regarding the share sale.

Source: Capital FM · Business