Unsecured creditors of the collapsed cement maker ARM #ticker:ARM including holders of the firm’s corporate bond face the risk of losing up to Sh3.1 billion or 46.2 per cent of their Sh6.7 billion claims should the company be liquidated.
A report on the company by its administrators PricewaterhouseCoopers (PwC) however says secured creditors who are claiming about Sh7.2 billion from the company are fully covered.
