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Broke AAR unit put under liquidation


Broke AAR unit put under liquidation
Tuesday May 11 2021
An AAR clinic at Sarit Centre in Kenya s capital Nairobi. AAR Healthcare Ltd is set to exit Tanzania. PHOTO | FILE
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Financially-starved AAR Healthcare Tanzania Ltd has been put under liquidation effective April 22, 2021, ending a decade long presence in the country.
In a statement, joint liquidators, Nelson Emmanuel Msuya and David Timothy Tarimo of PricewaterhouseCoopers, notified the public and creditors that they have taken over the company’s assets and are receiving claims under the ensuing circumstances.
“To enable any claim you may have against the company to be duly adjudicated and considered in the distribution of any realisations from the sale of the assets of the company, please send to the liquidators particulars of any claims,” the joint liquidators said in the notice seen by ....

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Athi River Mining set for liquidation, delisting at the NSE


Athi River Mining set for liquidation, delisting at the NSE
Tuesday April 27 2021
An Athi River Mining company factory. The firm was once the region’s largest cement maker. The company’s stock was suspended from trading on the NSE indefinitely, effective May 8, 2020. PHOTO | FILE | NMG
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Troubled cement maker Athi River Mining is set for liquidation in the next five months and eventual delisting from the Nairobi Securities Exchange after more than two years under administration failed to revive its operations.
The EastAfrican has learnt that the transition of the company to liquidation from administration is set to take place on September 30 with the joint administrators becoming joint liquidators to facilitate an orderly winding-up of the affairs of the company and its subsidiaries, in line with the mandate of a liquidator as set out in the Insolvency Act (2015). ....

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