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Article: Hadera Paper Ltd. Examination of Impairment of Assets.(Clal Industries and Investments Ltd)
- Article from:
- Albawaba.com
- Article date:
- November 2, 2009
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Summary: Hadera Paper Ltd. (AMEX:AIP) (the "Company" or "Hadera Paper")
announced that,
Hadera Paper Ltd. (AMEX:AIP) (the "Company" or "Hadera Paper")announced that, together with Clal Industries and Investments Ltd., thecontrolling shareholder in Hadera Paper ("CII"), has commissioned expertassessors in order to obtain assessments, as at September 30, 2009, regardingfixed-asset items included in the industrial operations in the packagingpaper sector ("The Property"). The said assessments are nearing completionand are expected to establish the value of The Property, as recorded in theHadera Paper books. We note that the assessor estimates determine the ...