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English news

01-Dec-2016

OTMT Chairman and CEO negotiating with North Korea government officials on the fate of the former’s stake in Koryolink

OTMT’s [OTMT.CA] Chairman and CEO, Naguib Sawiris arrived to North Korea earlier this week to negotiate the fate of the company’s investment in the country, according to a North Korean newspaper. Koryolink had utilised its cash in investing in a transportation project. (Al Borsa)   OTMT: EGP0.91 as of 30 November 2016, Rating: Sell, FV: EGP0.53 per share, MCap: USD272mn, OTMT EY / OTMT.CA

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