MonaChrome creditors vote for German takeover
Creditors of chrome smelter, MonaChrome today finally voted in favour of the company’s takeover by current German shareholder, NK Trading at the High Court while two banks, AfrAsia and Stanbic bickered over its disposal. MonaChrome ceased operations in 2012 due to high production costs and a government ban on chrome exports. It was subsequently placed
Source: insiderzim.com