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The CEO Dr Pius Kasolo and the Board of ZCCM-IH delay annual reports and absolutely refuse to give informations about the new cement plant. Would they conceal the real state of affairs ?
Originaltitel
Letter to the Board - ZCCM-IH Dated 8 September 2017-3-4-3
The CEO Dr Pius Kasolo and the Board of ZCCM-IH delay annual reports and absolutely refuse to give informations about the new cement plant. Would they conceal the real state of affairs ?
The CEO Dr Pius Kasolo and the Board of ZCCM-IH delay annual reports and absolutely refuse to give informations about the new cement plant. Would they conceal the real state of affairs ?
PAUL
HASTINGS
1+93.142.99.0650
8 September 2017 Ref: Bbard-ZCCMMH
BY EMAIL AND DHL
DePis Kasolo~ Chit Execusve Ofer = ZCCMLH
_ZCCKeIM Offes Park Stand No. 16808
Ack Niata Rood Mase Mada Complex Area
0. Box 30008
sake, 10104
Zambia
‘Subject: Questions rogardirg the Now Cement Plantat Ndola
Dear si,
he refer o your letor dated 24 August 2017 whore you answer that you cannot provide us with the
‘equsatedifomaton becsuse () ZCCR Hf Iated company eo the intrmation we request Would
be regarded as nonpuble and potentially gece sensive, and that (i) he day Yo day Inormation
‘elating otha managment and cperaions ofthe company woud be conden
(Our cee, te Pipe bar fly ae hat ZCCMM i ste company. He is indeed surprised
‘hat you tied to hide bind We ited companies rubs ance you do nat comely wid tem.
In particular, starenolers ave been informed of the fact that the Neola ime project nas een
Compltelyuriton of ony feeen month ater trough te release ofthe 2076 mane, In this
‘spect our cent considers at you had obigatons such as lung a special ng with the markets
‘5 soon as you were aware of KPIIG's reconmendation fo wile of te Nila Ime project ram the
‘ote (especialy nt ofthe USD 60 milion debt hat 2CCNIM mus Bear oe sole guaran.
Besides, ZOOM hes sil not published ts franca report for 2017 and there is no date nso for
‘hese reports yet whe its aeady mote than soy days te
‘This ted our cont to concvde that the company does conceal the reel sate of firs and
ansequety, tat tis content vation of ng Stes,Dru Kasolo— Chit Executve Officer ~ ZCCMH
‘Ack Ninata Road Mass Meda Complex Aces
P.O. Box 30088
Zambia
‘Subject: Question egaring tho Now Cement Piant at Ndla
{8 September 2017
Page?
‘Teter our cient nests to obtain the information requested in our previous ltrs, nae ben a
form of fing a6 you recognize thatthe requesod information is nompuble and potentially price
ie remain at your attomoy' posal should ne or she wish odscuss he above wh us
Sincerely,
=a
Nicolas Faguer and Samia Mekhaneg
‘Atomeys a Law
for PAUL HASTINGS (EUROPE) LLP
{98 boulevaré Houseman 75C08 Paris FRANCE
LecaLevwaarsies