M&R suspends trading of shares as division enters business rescue

Murray & Roberts (M&R) Ltd has entered business rescue, weeks after the group warned shareholders that the cash crunch in its SA business was unsustainable, with the company also looking to sell noncore assets to shore up its liquidity — proceedings that the business rescue process is likely to speed up.

The company, whose stock is down 64% over the past three months, asked the JSE to suspend the trading of its shares on Friday...

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