The legal representative of Medical Union Pharmaceuticals Co. submitted a request on Thursday to the Egyptian Exchange (EGX) to delist the company voluntarily.
The company’s total shares amount to 31.34 million shares at EGP 10 par value each.
The company’s extraordinary general meeting had approved on November 19 the voluntary delisting of the company’s stock from EGX.
The company will purchase the stocks owned by shareholders who object to the delisting move.
In a meeting held on October 19, the company’s board had decided to delist the stock.
Trading will be halted on the stock starting Wednesday, December 24.