Almost two years after it voluntarily entered business rescue, entertainment company Ster Kinekor announced on Friday that its business rescue practitioner, Stefan Smyth, had successfully concluded the process.
The transaction, which returns the company to solvency, involved the capital raising of R250m from the UK based asset manager Blantyre Capital and from the SA asset manager Greenpoint Capital, and forms the basis of the business rescue plan, the company said in a statement...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South African cinema group Ster-Kinekor exits 'business rescue' processSouth African cinema group Ster-Kinekor has exited a local form of bankruptcy protection called 'business rescue' after nearly two years, its administrator said on Friday.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Ster-Kinekor exits business rescueCinema chain sterkinekor has successfully exited the business rescue process and has returned to solvency. Moneyweb BusinessNews NDL_ndumeey sterkinekor NDL_ndumeey Fantastic news, they went through a tough time but pulled through 👌🏻 sterkinekor NDL_ndumeey Loved going to movies but the picture quality is so poor on many of their cinemas I wondered what the hell I was paying R100 for? So I stopped going...
Source: Moneyweb - 🏆 5. / 77 Read more »
Ster Kinekor raises R250 million and exits business rescueSter Kinekor has announced that it successfully concluded its business rescue. It must be nice raising R200m Prices are so high, and theatres are empty...screening for a limited number of individuals Make the price reasonable and fill the theatres and get more repeat customers as a result of better value for money KwazaUnathi How on earth are they going to recoup that money? Those investors must be quite interesting.
Source: mybroadband - 🏆 11. / 67 Read more »
Ster-Kinekor emerges from business rescueCinema group Ster-Kinekor has exited business rescue after nearly two years, its administrator said on Friday.
Source: TechCentral - 🏆 8. / 71 Read more »