Thursday, May 7, 2015

OHL Mexico shares resumed trading and lost 14.04% – The Economist

Shares of OHL Mexico resumed their quotes on the Mexican Stock Exchange after being suspended due to low presenting for alleged malpractices in the development of their contracts, and recorded a loss of 14.04% at a price of 23.27 pesos per share.

OHL Mexico’s shares resumed trading on the Mexican Stock Exchange and recorded a loss of 14.04% at a price of 23.27 pesos per share.

In terms of the construction market capitalization has lost approximately 6.583 million pesos compared to the end of the day yesterday with the low of 14.04% registered in the course of the day.

The Spanish construction company OHL announced Thursday it launched an internal investigation to clarify the facts “alleged malpractices” in the development of their contracts by OHL Mexico, but denied “the existence of any unlawful conduct” in their relations with the Mexican government.

The address OHL said in a statement that the development of their business was strictly in accordance with the law, a contract that was signed, and corporate best practices.

With information from Reuters

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