01
Jun
12:42
Hadisolb ceases operations, appoints liquidator
Egyptian Iron & Steel Company (Hadisolb) has decided to halt all operations except its oxygen plant after appointing Mostafa Hassan Mahmoud Omar to carry out the liquidation of its assets.
A technical committee will be formed to evaluate the company’s assets and sell them as production units or for scrapping, Hadisolb says in a stock exchange filing. The liquidation process is scheduled for completion by early 2023.
The firm possesses four blast furnace…
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