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    <title>Cabinet approves closure of Biecco Lawrie Limited</title>
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    <description>Approval for closure of Biecco Lawrie Limited includes provision of Voluntary Retirement/Voluntary Separation Scheme for employees; assets to be put to productive use after meeting liabilities in accordance with government guidelines. The decision follows unsuccessful revival efforts, persistent losses, negative net worth, and recognition that further operation is unviable due to competitive environment and significant capital requirements.</description>
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