NIPP Assets to be sold, company to be dissolved, and new investors, shareholders & Directors to take over
Meanwhile NIPP managing director Severin McKenzie announces an opportunity for Dominicans to invest in Nature Island Paper Products ltd, via an escrow account at NBD.
He says a new company will emerge from a process that has recently been put in place to attract buyers for NIPP Assets. He says however, the new investors will be allowed to pull out their funds at any time within three months after they have made their investments into an escrow account, because only serious investors are required for this venture.
McKenzie announced that the original NIPP company will be dissolved, and the new investors will choose their own business name, and will pursue the operation in whatever form decided by the new shareholders, and a new board of directors to be appointed by them.
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