Subana: Possible Partnership Project!

9 years, 3 months ago - October 18, 2012
Development in the Subana case. If Noopnarain Sukai, former Managing Director of the Mauritius Biscuit Making Co. Ltd., wants to sell all the assets of the company and compensate employees, Sky Investment Holding Ltd. is willing to pay the debts.

A partnership project is even being negotiated between Sky Investment Holding Ltd. and Noopnarain Sukai. A work session is scheduled for Thursday, October 18.

They all want to save the biscuit and less than a month to pay Rs 14 million debt to the MCB, the more arrérés Rs 3 million. However, total debt amounted to Subana Rs 25 million. MD Noopnarain Sukai reveals that he will have "a minimum of Rs 35 million to revive this biscuit. We also intend to diversify in the near future. We need to work on a new project to restore Subana success of yesteryear. What I propose to Sky Investment Holding Ltd, is to give 50% of the shares of the four families the majority and keep 50% for it. We will meet for a work session on Thursday, "he said.

24 businessmen Sky Investment Holding Ltd want to explore all options. As stated in the mediator and investigator of this case, Navin Unnoop: "They all want to get their hands on the dough to save the biscuit. The negotiations are going well. However, before you pay these debts, Sky Investment Holding Ltd. will make a good calculation to not pay excessively. Following the work session on Thursday, they will see more clearly. If everything is finalized, there will be a meeting with 220 shareholders to define the future of the biscuit. "

 

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