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Confusion has hit Union Dicon Salt Plc after the Nigerian Exchange-listed salt manufacturer disclosed that it has been unable to reach or establish contact with its majority shareholder, Aims Limited.
The company made this known in a notice issued on Tuesday by its secretary, Alfred James.
According to the firm, Aims Limited, a Brazilian-linked entity, holds 40 percent of its issued shares.
However, the company, which is also partly owned by the Nigerian Army’s Defence Industries Corporation, said it has not been able to establish communication with the shareholder for a prolonged period despite several attempts.
The notice reads, “That Aims Limited is a majority shareholder of Union Dicon Salt Plc with a shareholding of 64,000,000 shares amounting to 40% of the issued shares.
“That Union Dicon has been unable to communicate with or reach Aims Limited for a period of time despite several efforts made to reach out to Aims Limited.
“That the company is using this medium to request that Aims Limited should contact Union Dicon immediately via its physical address at Kirikiri Lighter Terminal, Kirikiri Phase 2, Apapa, Lagos.”
DAILY POST reports that as of October 1, third Quarter 2025, the company’s trading liquidity stood at N475.89 million.
Confusion as Union Dicon announces inability to reach majority shareholder
