Creditors poised to vote after Phumelela business rescue plan published
19 August 2020 - 16:10
A proposed business rescue plan for Phumelela Gaming & Leisure was published by practitioner John Evans on Wednesday, with the result that the champagne is on ice for MOD (Mary Oppenheimer Daughters).
However, the bottles cannot be opened as creditors still have to vote on the plan — which involves a R550m investment by the Oppenheimers — via a Zoom webinar meeting in 12 days’ time...
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