L
LequteMan
Guest
Nigeria - At least 80 capital market firms might opt for business combination and restructuring in order to survive, The Nation reports:
According to the source, the compliance reports filed with the Securities and Exchange Commission (SEC) have so far indicated that while most capital market operators may scale through by the September 30, this year deadline, some 80 capital market firms may have to undertake mergers and acquisitions or downsizing of their operations to stave off the threat of liquidation.
The source said more than 300 operators have complied with the new minimum capital requirements for their functions, leaving about 170 operators.
Almost half of these operators have already been determined to be inactive and will likely be the first set of operators to be weeded out under the first compliance check.
click here to read full story
Source: The Nation
According to the source, the compliance reports filed with the Securities and Exchange Commission (SEC) have so far indicated that while most capital market operators may scale through by the September 30, this year deadline, some 80 capital market firms may have to undertake mergers and acquisitions or downsizing of their operations to stave off the threat of liquidation.
The source said more than 300 operators have complied with the new minimum capital requirements for their functions, leaving about 170 operators.
Almost half of these operators have already been determined to be inactive and will likely be the first set of operators to be weeded out under the first compliance check.
click here to read full story
Source: The Nation
