The Clap
The EGX has decided to temporarily list Lotus Agri Egypt on the EGX, which has a capital of EGP 56 million distributed among 560 million shares.
Lotus Agri
The company has 20 years of experience in the field of agricultural pesticides and crop protection.
What
The shares cannot be traded until basic registration conditions are met and FRA approval is obtained.
So What
This step comes as a result of the FRA amendments to policies, allowing newly established companies and companies that have not issued financial statements for more than 2 years to be temporarily listed on the EGX.
Now What
The company is given 6 months in order to meet the registration requirements, although the FRA may extend this period.
