Tinotenda Hove -The Zimbabwe Stock Exchange (ZSE) has formally delisted Khayah Cement Limited following a voluntary decision by the company’s shareholders. The move comes after the cement manufacturer was placed under corporate rescue proceedings.

The delisting was approved by the Securities and Exchange Commission of Zimbabwe (SECZ), in accordance with Section 11 of the ZSE Listing Requirements and Section 64 of the Securities and Exchange Act.

In an official notice, the ZSE advised investors that Khayah Cement securities are no longer tradable on the exchange.

The development marks a significant step in the company’s restructuring process and reflects ongoing challenges within the construction and manufacturing sectors.