The former owners of Tekkie Town, including founder Braam van Huyssteen, want Steinhoff liquidated.
BUSINESS NEWS - They have lodged an urgent application with the Western Cape High Court as the knives come out to recoup losses they incurred when Steinhoff collapsed.
The Tekkie Town group has tried in several court cases before to get R1.86 billion back from Steinhoff they lost in 2016 when they sold their Tekkie Town shares to Steinhoff for R3.2 billion.
The shares in Steinhoff they received as payment became worthless when the company collapsed due to accounting irregularities and the subsequent resignation of CEO Markus Jooste.
DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V.: 14-May-2021 / 08:00 CET/CEST Disclosure of an inside information acc.
DGAP-News: Steinhoff International Holdings N.V. : - PROVISIONAL LIQUIDATION APPLICATION
vom 13.05.2021, 10:20 Uhr
Bild: pixabay.com
Steinhoff International Holdings N.V. : - PROVISIONAL LIQUIDATION APPLICATION
13.05.2021 / 10:20
STEINHOFF INTERNATIONAL HOLDINGS N.V. - PROVISIONAL LIQUIDATION APPLICATION
Steinhoff International Holdings N.V. (
Steinhoff or the
Steinhoff Group ) notes recent press commentary regarding a filing in the South African courts of an application for
inter alia the provisional liquidation of SIHNV.
On 12 May 2021 entities affiliated with the former shareholders of Tekkie Town (Pty) Ltd (
Tekkie Town Claimants ) filed the aforementioned application in the Western Cape Division of the High Court of South Africa. The Tekkie Town Claimants have requested the matter be heard on an urgent basis on 24 May 2021.
An application has been filed in the Western Cape High Court for the liquidation of Steinhoff International Holdings, which if successful, could prejudice the complicated settlement process currently being considered by a Dutch court.
The urgent application has been brought by Bernard Mostert, former CEO of Tekkie Town, on behalf of the founder of Tekkie Town, Braam van Huyssteen, and other investors in that business.
Mostert & Co have been pursuing claims against Steinhoff for the return of Tekkie Town, now part of Pepkor, or for fair recompense since Steinhoff imploded in December 2017. The process is still under way and, despite both sides scoring body blows against one another, has not been resolved.
DGAP-News: Steinhoff International Holdings N.V.: Provisional Liquidation Application
Steinhoff International Holdings N.V.: - PROVISIONAL LIQUIDATION APPLICATION
13.05.2021 / 10:20
STEINHOFF INTERNATIONAL HOLDINGS N.V. - PROVISIONAL LIQUIDATION APPLICATION
Steinhoff International Holdings N.V. (
Steinhoff or the
Steinhoff Group ) notes recent press commentary regarding a filing in the South African courts of an application for
inter alia the provisional liquidation of SIHNV.
On 12 May 2021 entities affiliated with the former shareholders of Tekkie Town (Pty) Ltd (
Tekkie Town Claimants ) filed the aforementioned application in the Western Cape Division of the High Court of South Africa. The Tekkie Town Claimants have requested the matter be heard on an urgent basis on 24 May 2021.