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Article: Hadera Paper Ltd. Examination of Impairment of Assets.
- Article from:
- PR Newswire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HADERA, Israel, November 2 /PRNewswire-FirstCall/ -- Hadera Paper Ltd. (the "Company" or "Hadera Paper") announced that, together with Clal Industries and Investments Ltd., the controlling shareholder in Hadera Paper ("CII"), has commissioned expert assessors in order to obtain assessments, as at September 30, 2009, regarding fixed-asset items included in the industrial operations in the packaging paper sector ("The Property"). The said assessments are nearing completion and are expected to establish the value of The Property, as recorded in the Hadera Paper books. We note that the assessor estimates determine the value of most of the Property on the basis of realizable ...