There are several glaring reasons why I think shareholders interest would be safeguarded by the above action.

1.The board strategic decision for the last 3yrs have driven the company to near bankruptcy.In a span of One year the company borrowed to a tune of approximately 6B in short term loans with a cashflow that could not sustain such a debt

2.The Board has over the years failed to listen to the complaint of farmers who raised issues pertaining to corruption in the Agriculture department,the board went ahead to transfer the head of agriculture to head a new commercial department that was involved in the latest sugar import scandal.

3.The Board has refused to table the recent KPMG report which contained a forensic audit of the company,which means the board is trying to hide damning information about the board.

4.The shareholders are losing money at the bourse, delisting gives the new board time to restructure without undue pressure from the market as well as safeguard long term shareholders value.

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