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...
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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.
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