BRIEF-Labat Africa Says Intends To Safeguard Force Fuel, Return It To Profitability

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  • Stock Market News
BRIEF-Labat Africa Says Intends To Safeguard Force Fuel, Return It To Profitability
Credit: © Reuters.

June 22 (Reuters) - Labat Africa Ltd LABJ.J :

* RENEWAL OF CAUTIONARY ANNOUNCEMENT - FORCE FUEL PROPRIETARY LIMITED (“FORCE FUEL”) - BUSINESS RESCUE

* APPOINTMENT OF JOHANNES (JOHN) CHRISTIAAN HENNING AS SENIOR BUSINESS RESCUE PRACTITIONER HAS BEEN APPROVED BY CIPC

* BUSINESS RESCUE PRACTITIONERS HAVE RECEIVED A NUMBER OF APPROACHES TO ACQUIRE BUSINESS

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

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