ASTRA Industries plans to delist from the Zimbabwe Stock Exchange (ZSE) this year as it is not compliant with the bourse’s rules on shareholding.

THE Zimbabwe Stock Exchange is targeting a go-live date on its automation project of June 19 but it will next week relocate from the central business district to Ballantyne Park, a move which could create logistical challenges for stockbrokers and block out inquiries from walk-in investors.

The Zimbabwe Stock Exchange is now a fully fledged private company following the completion of the company registration process. The company is owned by Government and stockbrokers under a 32-68 shareholding structure.

The shares of ABC Holdings and TA Holdings have been delisted from the Zimbabwe Stock Exchange following their respective take overs by Atlas Mara and Masawara Plc.