Troubled Stefanutti secures more funding
The construction and engineering firm is developing a restructuring plan
19 December 2019 - 19:34
Listed construction and engineering firm Stefanutti Stocks, which is in urgent need of funds to alleviate liquidity problems, said on Thursday its lenders had provided it with R227.5m.
That represents the third tranche of funding for the struggling company after the R391m it received in November. In July, Stefanutti received R120m in ring-fenced project money from its funders...
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