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ZCCM Investments Holdings ( (FR:MLZAM) ) has issued an announcement.
ZCCM Investments Holdings Plc has been added as a party to a Constitutional Court case challenging a 2024 transaction involving Mopani Copper Mines Plc and International Resources Holdings. The petitioner argues that the transaction, executed when Mopani was wholly owned by ZCCM-IH, should have been approved by Parliament as it constitutes a significant state asset disposal. ZCCM-IH contests this claim, asserting that the transaction does not fall under the constitutional requirements for parliamentary approval. The outcome of this case could have implications for ZCCM-IH’s operations and its handling of state assets.
More about ZCCM Investments Holdings
ZCCM Investments Holdings Plc is a state-controlled investment company based in Zambia. It operates in the mining sector, primarily focusing on investments in copper mining and related activities. The company is involved in managing and holding shares in various mining companies, contributing significantly to the Zambian economy.
For a thorough assessment of MLZAM stock, go to TipRanks’ Stock Analysis page.