First Mutual Properties Limited says it is still considering delisting from the Zimbabwe Stock Exchange (ZSE).
The group, which last month announced plans to leave the trading platform, said it “remains engaged in negotiations and continues to evaluate a potential transaction to delist from the ZSE”.
This comes as several firms have left the ZSE due to liquidity constraints or to join the Victoria Falls Stock Exchange.
In its initial announcement, the real estate arm of First Mutual Holdings said the plan to leave the securities platform was “still at a preliminary stage and remains subject to the conclusion of negotiations, execution of definitive agreements, and the receipt of the necessary regulatory and shareholder approvals, where applicable”.
As of last month-end, the property firm had a market capitalization of approximately US$49 million on the exchange.
In its 2025 half year financials, the group’s net property income was $2,223,985, while revenue totalled $4,468,294 compared to 2024 half year of $4,342,779. – TML