Port Services Corporation (PSC), which operates Port Sultan Qaboos (PSQ) in Muscat, will enter liquidation from January 1, 2017, after the expiry of the present concession agreement on December 31.
In an extraordinary general meeting (EGM) held on Wednesday, PSC shareholders unanimously agreed to liquidate the corporation with effect from January 1, 2017, the company said in a filing with the Muscat Securities Market (MSM) on Thursday.
It said the EGM also unanimously agreed to appoint Moore Stephens as the liquidators.
PSC shares surged nearly ten per cent on Thursday.
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The second EGM clearly authorised the liquidators to conclude any settl…
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