Wednesday 17 October 2018
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insiderzim
6 months ago

Zimbabwe bad loan company to control 60 percent of Star Africa Corporation

The state s bad loan special purpose vehicle, Zimbabwe Asset Management Corporation Limited (ZAMCO) has emerged with nearly 60 percent shareholding in StarAfricaCorporation after secondary scheme creditors opted to convert a combined debt amounting to $46.85 million into ordinary shares. In terms of the Secondary Scheme of Arrangement that was approved by shareholders on November 16, [ ]

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