By Kofi AHOVI
The Securities and Exchange Commission (SEC), the regulator of the capital market, will this week finalize the approval of the prospectus of Comet Properties Limited, a wholly owned Ghanaian real estate company, for listing on the Ghana Stock Exchange (GSE).
Comet Properties late last year got its provisional listing on the Ghana Stock Exchange.
Provisional listing was introduced to the Ghanaian stock market a couple of years ago to help small and medium companies list on the GSE.
Companies have to complete all processes to get fully listed on the exchange within 18 months after provisionally listing on the exchange. However, management of Comet Properties promised to complete the processes within six months.
After the approval of its prospectus by SEC, the company would commence its Initial Public Offer to enable the general public to invest in the company.
The company, which started operations in 2002, is ranked as the 47th company in the Ghana Club 100 magazine.
Since its inception, the company has built 200 houses, with another 200 which are at various levels of construction. It has a 2,000 acre Hillside Estate Project at Brekusu near Ashongman in Accra. The company’s products have been well patronized by the general public. It is in this regard that the business has acquired another 1,500 acre site at Obosomase on the Akwapim Hills in the Eastern Region.
Comet is a prominent member of the Ghana Real Estates Developers Association (GREDA).
The Securities and Exchange Commission (SEC), the regulator of the capital market, will this week finalize the approval of the prospectus of Comet Properties Limited, a wholly owned Ghanaian real estate company, for listing on the Ghana Stock Exchange (GSE).
Comet Properties late last year got its provisional listing on the Ghana Stock Exchange.
Provisional listing was introduced to the Ghanaian stock market a couple of years ago to help small and medium companies list on the GSE.
Companies have to complete all processes to get fully listed on the exchange within 18 months after provisionally listing on the exchange. However, management of Comet Properties promised to complete the processes within six months.
After the approval of its prospectus by SEC, the company would commence its Initial Public Offer to enable the general public to invest in the company.
The company, which started operations in 2002, is ranked as the 47th company in the Ghana Club 100 magazine.
Since its inception, the company has built 200 houses, with another 200 which are at various levels of construction. It has a 2,000 acre Hillside Estate Project at Brekusu near Ashongman in Accra. The company’s products have been well patronized by the general public. It is in this regard that the business has acquired another 1,500 acre site at Obosomase on the Akwapim Hills in the Eastern Region.
Comet is a prominent member of the Ghana Real Estates Developers Association (GREDA).
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