Cairo-Mubasher: The Egyptian Exchange (EGX) suspended trading on Middle East Glass Manufacturing on news about reopening the file of Misr Glass acquisition.
The halt will continue until the company submits a clarification to Cairo bourse.
Middle East Glass earlier said that one of the parties of the preliminary contract of acquiring 100% of Misr Glass sent a letter of intent expressing its intention to cancel the final sale contract.
The letter included a request from the company to get back an amount EGP 23 million which was paid as part of the preliminary agreement.
