Nigeria’s leading provider of integrated identity management and digital payments solutions Group, Chams Plc, has changed its Nigerian Exchange listing to a holding company.
He said: “Part of the requirements of the Central Bank of Nigeria was for Chams to change its listing to a non-operating holding company, which we have now successfully achieved. This change takes immediate effect, and we will now be known as Chams Holding Company Plc.” Young however noted that listing as a Holding Company means they are focusing on existing subsidiaries and business assets to build shareholder value, whilst incubating and growing other businesses within their subsidiaries, and creating new subsidiaries as part of the Holding Company structure.