News Ghana· 15h ago· 1 min read
NewsGhana, Latest Updates and Breaking News of Ghana, EDALL Chronicles, https://www.newsghana.com.gh/%e2%81%a0-oxford-no-1-street-remains-in-the-possession-and-control-of-kensington-residential-partners-1-limited-not-a-receiver-%e2%81%a0/ The Management of Oxford No. 1 Hotel has noted press reports suggesting that possession of the Hotel has been handed to a Receiver appointed by Cola Holdings Ltd.
Management wishes to inform the general public, staff and other stakeholders that Oxford No. 1 Hotel remains under the control and possession of its Management and Directors.
BACKGROUND TO THE DISPUTE
Kensington Residential Partners 1 Limited (“KRP1 Ltd”) is a limited liability company owned in equal shares by its only two Directors, Nana Kwame Bediako and Azad Cola.
Oxford No. 1, Oxford Street, was developed and is managed by KRP1 Ltd. To fund the development, the company supplemented…
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