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The suspension follows the filing of an injunction by minority shareholders, specifically targeting the allotment of shares. Court hearings are scheduled to commence this week.
Asante oversees the company’s operations in three key regions.
Ofori, the richest investor on the Ghana Stock Exchange, holds a beneficial 6.8-percent stake in Societe Generale Ghana.
Ofori remains the richest investor on the Ghana Stock Exchange and one of the wealthiest businessmen in the country.
Agyepong founded Jospong Group as a printing press in 1995. Today, it has become one of the largest conglomerates in Ghana.
Ofori’s stake in Societe Generale Ghana has decreased by over $1.5 million since the start of the year.
McKorley is a well-known businessman and the founder and CEO of the McDan Group of Companies.
The deal is valued at $55 million.
