Economy"Last Minute": Monex shareholders agree to leave the stock...

"Last Minute": Monex shareholders agree to leave the stock market

Shareholders of Mexican brokerage Monex have approved a plan for the firm to exit Mexico’s main stock exchange , the company said in a statement Tuesday.

Monex thus becomes the latest company to delist from the country’s main stock exchange following the announcement last month that the outstanding shares of Mexican department store operator Grupo Sanborns would be acquired by Grupo Carso.

“It was resolved and approved to request the National Banking and Securities Commission, the cancellation of the registration of the shares representing the capital stock of the company in the national securities registry in terms of section II of article 108 and other applicable articles of the Securities Market Law and articles 15, 16 and other applicable provisions of a general nature applicable to securities issuers and other securities market participants”, refers to the summary of the agreements adopted by the Extraordinary General Assembly of Shareholders of Monex SAB de CV, held today, August 23.

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