Construction company Stefanutti Stocks, which, like its peers, has been grappling with liquidity issues amid a dearth of infrastructure projects, says it has secured R120m in project financing as part of a broader fundraising effort.
The company said on Friday it was responding to “short-term liquidity pressure” and the ring-fenced project funding was the first component of its wider plan. In March, industry stalwart Group Five filed for business rescue – a process aimed at rehabilitating financially distressed companies – after lenders decided against giving it more funding. Basil Read and Esor are also in business rescue.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
MARKET WRAP: JSE closes lower as ECB rate decision weighs on European stocksLocally, credit ratings agency Moody’s Investors Service said that Eskom’s R59bn bailout is credit-negative for SA
منبع: TimesLIVE - 🏆 28. / 59 ادامه مطلب »
MARKET WRAP: JSE closes lower as ECB rate decision weighs on European stocksLocally, credit ratings agency Moody’s Investors Service said that Eskom’s R59bn bailout is credit-negative for SA
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
Substantial fall in oil stocks drives prices upUS crude stocks fell by 11-million barrels to 449-million in the week to July 19, the API reported
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »