Cottco applies for judicial management
The Cotton Company of Zimbabwe has applied to the High Court to be placed under provisional judicial management, the company said on Thursday, with its application suggesting it was technically insolvent. Cottco has a debt of $56 million which attracted an interest bill of $16.8 million in the full year to 31 March 2013 and
Ray Chipendo David Machingaidze Cotton Company Of Zimbabwe High Court Standard Bank Nominees Cottco Holdings
Source: insiderzim.com