BRIEF-4sight Says Resolution Passed To Place FH Into Business Rescue

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BRIEF-4sight Says Resolution Passed To Place FH Into Business Rescue
Credit: © Reuters.

Oct 15 (Reuters) - 4Sight Holdings Ltd 4SIJ.J :

* SUBSIDIARY BUSINESS RESCUE APPLICATION

* DIRECTORS OF FOURSIGHT HOLDINGS PROPRIETARY HAVE PASSED A RESOLUTION PLACING FH INTO BUSINESS RESCUE

* BOARD IS OF VIEW THAT (ON A CONSOLIDATED BASIS) FH OPERATING UNITS WITHIN 4SIGHT GROUP ARE PROFITABLE BUSINESSES

* THESE FLOWS OF FUNDS HAVE NOT MATERIALISED THUS PLACING FH IN FINANCIAL DISTRESS

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