Struggling Stefanutti works on restructuring plan
Construction company battles to stay afloat as funding requirements dwarf its market capitalisation
28 November 2019 - 19:35
Stefanutti Stocks, whose funding requirements jumped to almost R1bn earlier this year mainly due to non-payment by clients, has appointed a team to develop a restructuring plan as the group battles to stay afloat.
The team will also be tasked with trying to secure additional cash...
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