Cement News tagged under: Padma cement

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Nepal: shareholders eagerly await Padma payments

24 March 2014, Published under Cement News

Shareholders in Padma Cement, which is currently in the process of being liquidated, have expressed concern following the news that the liquidator's office will pay out dues of lenders first. The DSE managing director, Dr Swapan Kumar Bala, said the liquidators will first have to pay any debts owed to lenders. "As owners of the company, the shareholders will get something after paying out the dues of lenders," Mr Bala said. Barrister M Moksadul Islam, assigned by the court to complete...