News Formal

BREAKING NEWS: Struggling Group Five files for business rescue

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Group Five and peers including Basil Read and Erbacon have succumbed to a depressed construction market in which major projects have failed to materialise

Group Five has filed for business rescue. Picture: MARIANNE SCHWANKHART

The contractor and a number of its peers, including Basil Read and Erbacon, have succumbed to a depressed construction market in which major projects have failed to materialise owing to the state’s strained finances. The contractor, which was given bridge funding worth R650m from a consortium of lenders in April 2018, said its financial constraints had worsened after lenders called on guarantees relating to its disastrous Kpone power-plant project in Ghana.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Group5 go speak to Edgars..

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Socially conscious' manufacturer lands major contract with the Shoprite Group | IOL Business ReportVerigreen, has been awarded a multi-million rand contract to supply 25 different products under the Shoprite Group’s Ritebrand and Housebrand labels.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »