BUSINESS RESCUE
Aggrieved Group Five shareholders want to sue
21 June 2019 - 05:10
Group Five shareholders, who are likely to walk away empty-handed after the collapse of one of SA’s most iconic construction firms, are considering suing directors for allegedly misleading them about the circumstances leading to its collapse.
The company, valued at more than R8bn in 2007, went into business rescue, a process to rehabilitate financially distressed companies, in March after it failed to get additional funding from its lenders...
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