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Merlin resumes its operation following business rescue strategy

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One of the oldest textile companies in Bulawayo city, Merlin Limited, which was under judicial management, has secured a partnership and resumed its operation following the implementation of a business rescue strategy involving immediate injection of $2.1 million minimum working capital by one of the firm’s creditors.

In an interview on Friday, Merlin judicial manager Mr Cecil Madondo said that Merlin is now up and operational with feed material such as yarn having been procured.

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