BRIEF-Labat Africa Says Force Fuel Properties Also Placed In To Business Rescue

  • Reuters
  • Stock Market News
BRIEF-Labat Africa Says Force Fuel Properties Also Placed In To Business Rescue
Credit: © Reuters.

July 21 (Reuters) - Labat Africa Ltd LABJ.J :

* JSE: LAB - RENEWAL OF CAUTIONARY ANNOUNCEMENT - FORCE FUEL (PTY) LTD AND FORCE FUEL PROPERTIES (PTY) LTD - BUSINESS RESCUE

* LABAT AFRICA LTD - FORCE FUEL PROPERTIES HAS ALSO BEEN PLACED IN TO BUSINESS RESCUE

* LABAT AFRICA LTD - LONG-TERM DEBT THAT WAS ACQUIRED AS PART OF FORCE FUEL ACQUISITION IS RINGFENCED IN FORCE FUEL

* LABAT AFRICA LTD - HAS NOT SIGNED ANY SECURITY OR CROSS GUARANTEES IN RELATION TO THIS BANK FUNDING

* LABAT AFRICA LTD - INTENTION IS TO SAFEGUARD BUSINESS OF FORCE FUEL AND RETURN IT TO PROFITABILITY IN DUE COURSE

* LABAT AFRICA LTD - BUSINESS RESCUE PRACTITIONERS HAVE RECEIVED A NUMBER OF APPROACHES TO FORCE FUEL ACQUIRE BUSINESS

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100