Troubled cement maker ARM’s #ticker:ARM fate will be known later this month when its creditors, including banks that placed it under administration, meet to vote on how to settle the company’s mountain of debt.
ARM, currently suspended from trading on the Nairobi Securities Exchange (NSE) #ticker:NSE , is considering liquidation, raising Sh5 billion through a rights issue or selling more assets, including the Tanzanian operation, among other options, Pradeep Paunrana, the founding shareholder said.
