Director seeks to bar Chinese investors from casino business
Director seeks to bar Chinese investors from casino business Monday December 21 2020 Summary Mr Ravasio is also seeking orders directing his co-directors from making any alterations to the Memorandum and Articles of the Company without authourity of the court. In the alternative, the co-directors purchase his shares in accordance with the fair value determined by a court appointed inspector. Ms Addisalem Demisse, who had power of attorney to act for Mr Ravasio and also acted as general manager, says the Chinese investors agreement signed in 2019 stated they would pay Sh600 million to get a pi...
Source: businessdailyafrica.com