Pm liquidating corp
The liquidation process of Oman’s Port Services Corporation (PSC), which was to begin in January, has reportedly been delayed following a request by the country’s Ministry for Transport and Communication.In a statement to the Muscat Securities Market (MSM), the company said the concession agreement to manage and operate Sultan Qaboos Port had been extended with the same terms and conditions until December 31 2017, rather than expiring within three months as requested previously by the ministry.
After digging into the company's financials, it appears the market has strongly overreacted causing the stock to be severely undervalued. After Judge Tice approved the sale of substantially all... Bankruptcy Court for the Eastern District of Virginia gave oral approval to the second amended liquidation plan at a hearing, giving Canal the go-ahead to wind down its remaining operations, according to the court docket.This is to be finalised at an extraordinary general meeting in January, it added.Shareholders had unanimously voted to liquidate the company with effect from January 1, following the scheduled expiry of the current concession agreement on December 31.
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It markets its products through retailers in the U. It's no wonder the stock is priced as low as it is.