Press ordered to pay K7 billion over PTC deal
Malawi Nation
1 h
Malawi
Malawi
The High Court Commercial Division in Blantyre yesterday ordered conglomerate Press Corporation plc (PCL) to pay K7.07 billion over debts left by its subsidiary, People’s Trading Centre (PTC), which is under liquidation. The court also ordered the country’s largest holding company to pay 70 percent of the litigation costs. Once vibrant PTC headquarters at Chichiri … The post Press ordered to
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