BL PREMIUMEdcon's creditors approved the company’s business rescue plan after a meeting on Monday, with the practitioners having successfully warded off some creditors who tried to stop the process.
The plan was backed by more than 75% of creditors and has been formally approved, according to the results of the vote circulated by the practitioners and seen by Business Day. Edcon later confirmed the outcome.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »
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Edcon business rescue practitioner is running the firm from CanadaEdcon staff and creditors, who are owed a collective R6.7bn, are supposed to vote on the business rescue plan later on Monday
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