Cottco placed under voluntary corporate rescue

Cottco is a subsidiary of the Mutapa Investment Fund

THE Cotton Company of Zimbabwe (Cottco) has officially entered voluntary corporate rescue proceedings, a move aimed at shielding the state-linked entity from total collapse. According to a “Notice to Affected Persons” dated April 30, the board of the company adopted a resolution on April 29 to place Cottco under supervision in terms of the Insolvency…

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