Group Five raises R1.2bn from sale of assets since start of business rescue

Group Five on Tuesday said it had sold more plant and assets that are not being utilised in the ordinary course of business as the company is disposing of its assets.

Numerous of these disposals are subject to final agreements or conditions precedent in order to be concluded. In March, Group Five resolved to place its companies into business rescue and had applied to the Johannesburg Stock Exchange to suspend trading in its shares after several other direct and indirect subsidiaries experienced cash flow difficulties.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Maverick: Monday, July 22: Five Things You Need to Know to Start Your DayHong Kong protests descend into violence again, the U.K. steps in to lower Iran oil tensions, and Japan’s Prime Minister Shinzo Abe falls short of a supermajority despite election win. Here’s what’s moving markets.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: Tuesday, 23 July: Five Things You Need to Know to Start Your DayIran ratcheted up tensions by revealing plans to execute spies it says were CIA-trained. Donald Trump hopes Xi Jinping will do the right thing in Hong Kong. And Huawei’s fortunes may be about to change. Here are some of the things people in markets are talking about today.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »