Creditors of ARM Cement #ticker:ARM on Tuesday voted to give the company’s administrators PricewaterhouseCoopers (PwC) up to September 2019 to implement several options of resolving its debt including selling assets and disposing of the entire company.
UBA Bank, which had provided the ARM with a Sh500 million short-term loan, on August 17 appointed PwC’s Muniu Thoithi and George Weru to manage the cement maker in an effort to recover the debt.
