Pula Steel sale hits a snag
Friday, April 05, 2019
Pula Steel was built at a cost of P130 million in 2015 and entered liquidation in October 2017 having operated in fits and starts due to financial and technical challenges, including shortage of its raw materials. Creditors owed about P100 million were left in the lurch following the plant’s closure.
This week, it emerged that after the auction ended on January 31 and a winning bidder identified in March, the process has been bogged down due to funding issues around the winning bidder, who has reportedly missed key deadlines for the finalisation of the deal.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...