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KK in violent takeover
Surealligator
#1 Posted : Thursday, November 04, 2010 2:33:08 PM
Rank: User


Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
KK Security Group has won a landmark ruling against the violent takeover of its subsidiary in South Sudan by a minority shareholder, ending a dispute that should serve as a guide on how to invest in the volatile semi autonomous region.

The court, sitting in Juba on October 26, ordered Bading Machar who had a one per cent stake in the Southern Sudan subsidiary to return all property including vehicles and office furniture belonging to KK Security.

It also ordered him to pay KK Security $4.4 million (Sh352 million) in damages and loss of business arising from the dispute, which saw the security firm’s operations in the country grind to a halt last year.

The company set up shop in Southern Sudan in 2005, eyeing lucrative contracts, especially with international firms such as the UN.

But in 2006 Mr Machar, a relative of Southern Sudan’s vice president Riek Machar and a director of the firm, forcibly took over the company and its assets.

Read more http://www.businessdaily...2/-/bqgf00z/-/index.html
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
Gordon Gekko
#2 Posted : Thursday, November 04, 2010 2:43:48 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Wewe, the letters KK are patented on this site.Shame on you It is sacrilege to use it for any other purposes other than when referring to Segman the God....
mwanahisa
#3 Posted : Thursday, November 04, 2010 2:45:11 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
@Sure Croc! Wewe - hii nini. There is only one KK as far as Wazua is concerned!
shalishali
#4 Posted : Thursday, November 04, 2010 3:05:00 PM
Rank: Member


Joined: 12/15/2009
Posts: 142
Location: Nairobi
mwanahisa wrote:
@Sure Croc! Wewe - hii nini. There is only one KK as far as Wazua is concerned!

Yes you are right, wasted my time to read this thread.
UKITAFUTA UKABILA UTAKUFA BILA!
mwanahisa
#5 Posted : Thursday, November 04, 2010 3:05:02 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Gordon Gekko wrote:
Wewe, the letters KK are patented on this site.Shame on you It is sacrilege to use it for any other purposes other than when referring to Segman the God....


GG, you are even worse than The Alligator.

To use sacrilege and the words Segman the "god" (my emphasis).. in the same sentence. Kindly stop the blasphemy.

While Segman maybe a good CEO/Chairman, you should not take it any further than that!
VituVingiSana
#6 Posted : Thursday, November 04, 2010 4:24:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
LOL... ati, 'Segman the god'...

Lakini, I agree that KK ako na owner on wazua!

I only clicked here coz I thought the story was about KK-Asili...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kivairu
#7 Posted : Tuesday, November 09, 2010 5:26:19 PM
Rank: Member


Joined: 3/5/2008
Posts: 532
Location: Nairobi
hostile or violent takeover?

Strive not to be a success, but rather to be of value. –Albert Einstein.
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