Rcc liquidating corp

Core earnings for the three months ended March 31, 2017 of $(3.3) million, or $(0.11) per share-diluted.A reconciliation of GAAP net income (loss) to core earnings is set forth in Schedule I of this release.KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.Please review KCC's Terms of Use and Privacy Statement for additional information regarding the data maintained on this website.Additional Items RSO declared and paid a common stock cash dividend of

Please use the form below to refine and maximize search results.The meeting, which was attended by the ministers of finance, public enterprises and works and transport, resulted in some sort of consensus emerging that whatever the interventions to revive the two state-owned enterprises, winding them up should not be an option.When approached for comment on the meeting Presidential Press Secretary Albertus Aochamub said the meeting was nothing special, but an ordinary meeting between ministers and the Presidency, where no decision was made, because only Cabinet makes such decisions.“It was just another working session, a consultation between the ministers and the president, appraising the president on the road thus far,” he said before adding that “a meeting like that cannot make decisions”.RCC’s strategic and business importance to the Namibian economy he described as “marginal to none”.“After careful consideration for the social, political and economic impact and weighing the rebuilding of the RCC versus the winding up [liquidation] of the RCC, we have come to the conclusion that the winding up of the RCC is the preferred option,” read part of his motivation letter.However, Jooste seemed to have hit a snag – as not all his cabinet colleagues agreed with the given assessment of the two institutions and reasons for their intended closure.

.05 per share for the first quarter of 2017.Commercial Real Estate Substantially all of the

Core earnings for the three months ended March 31, 2017 of $(3.3) million, or $(0.11) per share-diluted.A reconciliation of GAAP net income (loss) to core earnings is set forth in Schedule I of this release.KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.Please review KCC's Terms of Use and Privacy Statement for additional information regarding the data maintained on this website.Additional Items RSO declared and paid a common stock cash dividend of $0.05 per share for the first quarter of 2017.Commercial Real Estate Substantially all of the $1.3 billion CRE loan portfolio comprises floating rate senior whole loans at March 31, 2017.According to documents availed to New Era, Public Enterprises Minister Leon Jooste has placed on the table his ministry’s detailed plans to liquidate the RCC and cut up Trans Namib so that it would become a lean corporation.

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Core earnings for the three months ended March 31, 2017 of $(3.3) million, or $(0.11) per share-diluted.

A reconciliation of GAAP net income (loss) to core earnings is set forth in Schedule I of this release.

KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.

Please review KCC's Terms of Use and Privacy Statement for additional information regarding the data maintained on this website.

Additional Items RSO declared and paid a common stock cash dividend of $0.05 per share for the first quarter of 2017.

Commercial Real Estate Substantially all of the $1.3 billion CRE loan portfolio comprises floating rate senior whole loans at March 31, 2017.

According to documents availed to New Era, Public Enterprises Minister Leon Jooste has placed on the table his ministry’s detailed plans to liquidate the RCC and cut up Trans Namib so that it would become a lean corporation.

In his motivation to close down RCC and privatise Trans Namib, Jooste informed his Cabinet peers of the analysis on the viability and importance, if any, of the two institutions.

.3 billion CRE loan portfolio comprises floating rate senior whole loans at March 31, 2017.According to documents availed to New Era, Public Enterprises Minister Leon Jooste has placed on the table his ministry’s detailed plans to liquidate the RCC and cut up Trans Namib so that it would become a lean corporation.

Please use the form below to refine and maximize search results.The meeting, which was attended by the ministers of finance, public enterprises and works and transport, resulted in some sort of consensus emerging that whatever the interventions to revive the two state-owned enterprises, winding them up should not be an option.When approached for comment on the meeting Presidential Press Secretary Albertus Aochamub said the meeting was nothing special, but an ordinary meeting between ministers and the Presidency, where no decision was made, because only Cabinet makes such decisions.“It was just another working session, a consultation between the ministers and the president, appraising the president on the road thus far,” he said before adding that “a meeting like that cannot make decisions”.RCC’s strategic and business importance to the Namibian economy he described as “marginal to none”.“After careful consideration for the social, political and economic impact and weighing the rebuilding of the RCC versus the winding up [liquidation] of the RCC, we have come to the conclusion that the winding up of the RCC is the preferred option,” read part of his motivation letter.However, Jooste seemed to have hit a snag – as not all his cabinet colleagues agreed with the given assessment of the two institutions and reasons for their intended closure.

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