During Press Corporation Limited Annual General Meeting, it was revealed that the conglomerate wants to place its subsidiaries on the Malawi Stock Exchange. According to  PCL group chief executive officer George Partridge, 4 subsidiaries are being planned to join the bourse.

Partridge named Malawi Telecommunications Limited, People’s Trading Centre (PTC), The Foods Company Limited, Press  Properties Limited (PPL) and Open Connect Limited (OCL) as underperforming entities that could use the boost of the stock market.

The news follows an announcement by MSE Chief Executive Officer, John Kamanga, confirmed receiving an application from a telecommunications company which is interested in joining the fray. He did not disclose which company it was, but seemingly it must be MTL. On the other hand, FDH Financial Holdings Limited has unveiled plans to list FDH Bank, on MSE by mid-year, next year. The firm’s group chief executive officer Thom Mpinganjira hailed the development as an investment opportunity for Malawians to own FDH Bank.

Prior to the listing of Icon Properties this year, MSE had not enlisted any firm, for a decade.