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ARM Cement HY18
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#151 Posted : Thursday, October 03, 2019 8:42:50 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
[quote=sparkly]Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion).

https://www.construction...uaxin-maweni-limestone/[/quote]

I thought this thread was closed with last funeral rights by Obiero.....@Sparkly, please let us grieve in peaceLaughing out loudly
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Ericsson
#152 Posted : Thursday, October 03, 2019 9:44:45 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=sparkly]Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion).

https://www.construction...uaxin-maweni-limestone/[/quote]

@sparkly This was shared last week
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Thursday, October 03, 2019 9:46 AM | Reason: Not specified
sparkly
#153 Posted : Thursday, October 03, 2019 9:32:17 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
[quote=sparkly]Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion).

https://www.construction...uaxin-maweni-limestone/[/quote]

@sparkly This was shared last week


Didn't see it. Apologies for duplication though
Life is short. Live passionately.
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Angelica _ann
#154 Posted : Thursday, December 05, 2019 1:47:40 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
British fund writes off Sh14bn investment in ARM Cement


https://www.businessdail...73628-93jf8jz/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Receptor
#155 Posted : Thursday, December 05, 2019 2:01:17 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
Angelica _ann wrote:
British fund writes off Sh14bn investment in ARM Cement


https://www.businessdail...3628-93jf8jz/index.html



Wow! 14b to 372m in two years. This is serious.
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Ericsson
#156 Posted : Thursday, December 05, 2019 2:02:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Receptor wrote:
Angelica _ann wrote:
British fund writes off Sh14bn investment in ARM Cement


https://www.businessdail...3628-93jf8jz/index.html



Wow! 14b to 372m in two years. This is serious.


They don't care,after all its UK government/taxpayers money
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Extraterrestrial
#157 Posted : Thursday, December 05, 2019 4:34:50 PM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
Ericsson wrote:
Receptor wrote:
Angelica _ann wrote:
British fund writes off Sh14bn investment in ARM Cement


https://www.businessdail...3628-93jf8jz/index.html



Wow! 14b to 372m in two years. This is serious.


They don't care,after all its UK government/taxpayers money


Hardly a blip in a £4.3 billion portfolio.
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Receptor
#158 Posted : Thursday, December 05, 2019 4:39:24 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
Extraterrestrial wrote:
Ericsson wrote:
Receptor wrote:
Angelica _ann wrote:
British fund writes off Sh14bn investment in ARM Cement


https://www.businessdail...3628-93jf8jz/index.html



Wow! 14b to 372m in two years. This is serious.


They don't care,after all its UK government/taxpayers money


Hardly a blip in a £4.3 billion portfolio.


So existing ARM shareholders will receive 0.93 cents per share going by the revelations of this article?
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FUNKY
#159 Posted : Thursday, December 05, 2019 7:00:41 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Receptor wrote:
Extraterrestrial wrote:
Ericsson wrote:
Receptor wrote:
Angelica _ann wrote:
British fund writes off Sh14bn investment in ARM Cement


https://www.businessdail...3628-93jf8jz/index.html



Wow! 14b to 372m in two years. This is serious.


They don't care,after all its UK government/taxpayers money


Hardly a blip in a £4.3 billion portfolio.


So existing ARM shareholders will receive 0.93 cents per share going by the revelations of this article?


Something is better then nothing Applause
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Ericsson
#160 Posted : Saturday, April 24, 2021 5:46:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Athi River Mining is shutting down.

The company will transition from administration to liquidation on September 30.

PWC says the cement maker cannot be salvaged.

Secured creditors estimated to recover 34-70% and unsecured 1.8% to 6.5%. Higher recoveries of 70% & 6.5% only possible of Tanzania and Kenya tax claims are successful.

The company will then be delisted.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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