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ZCCM Investments Holdings ( (FR:MLZAM) ) has provided an update.
ZCCM Investments Holdings Plc has been joined as a party in a Constitutional Court case concerning a 2024 transaction involving Mopani Copper Mines Plc and International Resources Holdings. The petitioner argues the transaction, executed when Mopani was wholly owned by ZCCM-IH, should have required parliamentary approval as it involved a significant state asset. ZCCM-IH contests this claim, asserting the transaction does not fall under the constitutional requirements cited. The company advises shareholders to exercise caution and seek professional advice when dealing in its securities until further updates are provided.
More about ZCCM Investments Holdings
ZCCM Investments Holdings Plc is a company incorporated in the Republic of Zambia. It operates in the investment sector, focusing on managing and holding investments in the mining industry, particularly in copper mining operations.
Find detailed analytics on MLZAM stock on TipRanks’ Stock Analysis page.