ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
INVITATION TO BID FOR THE SALE OF ASSET

THE LAND, BUILDINGS, PLANTS, MACHINERY AND MOTOR VEHICLES OF A PURPOSE BUILT PLASTIC FACTORY MANUFACTURING COMPANY LAWAL OBELAWO PLASTICS INDUSTRIES NIGERIA LIMITED (OTHERWISE KNOWN AS “LOPIN”) {IN- RECEIVERSHIP}(“The COMPANY”) SITUATE, LYING AND BEING AT NO. 1, OBELAWO ESTATE ROAD, OFF NEW IKIRUN ROAD, OSHOGBO, OSUN STATE, ARE FOR SALE.

THE COMPANY IS ENGAGED IN THE BUSINESS OF PRODUCING AND MANUFACTURING OF POLY VINYL CHLORIDE (PVC) PIPES FROM 16MM TO 400MM, POLYENE (PE) PIPES, PLASTIC CRATES AND BOWL, CASING FOR WIRES AND FITTINGS OF HIGHEST QUALITY.

THE COMPANY COVERS A GROSS PHYSICAL MEASURED AREA OF ABOUT 117,000SQM (11.7 HECTARES) ALL OF WHICH IS FENCE, AND HAS ABOUT 24 BUILDINGS. ALSO, THE COMPANY HAS SEVERAL STATE OF THE ART EQUIPMENT AND MACHINES INCLUDING GENERATING PLANTS, EXTRUSION MACHINES, TRANSFORMERS, FORKLIFT, PVC SPRAY BATH MACHINE, LATHE MACHINE, AND SO ON.

ALL INTERESTED BIDDERS/PARTIES ARE INVITED TO CONTACT THE RECEIVER/MANAGER WHO WAS APPOINTED BY THE ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON), ON: ot@pinheirolp.com and on the following cell numbers: 234-807-615-6797; and 234-906-997-3027

FOR GUIDED INSPECTION OF THE PLASTICS INDUSTRY AND ENQUIRIES. THE ASSET WILL BE SOLD ON AN “AS IS” BASIS