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Global investor ejected from Mauritius Exchange over ‘inability to comply with listing Rules’

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Global investor ejected from Mauritius Exchange over 'inability to comply with listing Rules'

The ordinary shares of MeritWise Group Public Ltd (MWG) were no longer listed on the Official Market of the SEM after market close 30 December 2022.

The decision was taken by the SEM in the wake of MWG’s “recurring inability to comply with the provisions of the Listing Rules relating to the publication of its financial statements”.

In April 2022, the SEM had suspended dealings in the shares of MWG as it had not published its financial statements for the year ended 31 December 2020.

As of date, MWG has still not published its outstanding financial statements and has not issued any communique to provide an update on the publication of these financial statements since its communique dated 07 January 2022.

MWG was incorporated on 18 July 2018 in Mauritius and holds a category 1 Global Business License.

The company invests in private companies in the financial and consultancy businesses in Asia Pacific.

Source: Stock Exchange of Mauritius

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.