SHAREHOLDERS of Truworths Zimbabwe are set for a crunch meeting on tomorrow (25 February) to decide on the adoption of a business rescue plan, the company has announced.
The main agenda of the meeting will be to effect section 10 of the corporate rescue plan, more specifically adopting Valfin Investments taking up shareholding for US$1 (One United States Dollar), delisting from the Zimbabwe Stock Exchange, resignation of the current board and appointment of a new one and updating on the approval of Valfin as Investor into Truworths, merging the two businesses.