Mon, 24 Apr 2017 10:07:36 +0000 By CHIKUMBI KATEBE THE sale of assets formerly owned by the Post Newspaper in Liquidation at an auction sale on Saturday realize up to K7million aimed at paying towards the K53 million debt. Provisional Liquidator Lewis Mosho said ZRA has since reduced the debt owed by the Post Newspaper in Liquidation by up to 10 percent following the realization of K7, 408,675 from the sale. In a statement Mr Mosho said among the properties auctioned were trucks, office furniture, fittings, computers and other assorted items. And Mr Mosho said Investrust Bank Plc would soon be completing the sale of its loan facility owed by the Post in Liquidation following a High Court Judgment that dismissed attempts to block the sale. “Meanwhile, Investrust Bank Plc the only secured creditor known so far will soon be completing the sale of its loan owed to it by the Post Newspaper Limited […]
