Ellies opts for business rescue
Its bankers declined to finance the acquisition of Bundu Power, signalling that the company was too late to benefit from lucrative solar and backup power opportunities.
Source: moneyweb.co.za
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Well-known electronics brand Ellies files for business rescue
The company has been struggling for the better of the past decade, as reflected by the decimation in its stock price. Its shares hovered at just 2c in early trade on the JSE, down from highs of R9 in 2013.
Source: timeslive.co.za
Electronics group Ellies forced into business rescue
Ellies had planned to reposition itself as a smart infrastructure business, with Bundu Power as a key component.
Source: dailymaverick.co.za
Ellies gets go-ahead for Bundu Power deal
Ellies Holdings has been given the green light to buy Bundu Power, a deal it said is critical to its turnaround plans.
Source: techcentral.co.za
The Finance Ghost: Mixed fortunes at Sappi, Curro, Aspen, Telkom and Ellies
It's a bag of all sorts from the paper and packaging sector. Elsewhere, Telkom fails to dial up its numbers; Curro delivers a good lesson plan; Aspen rises on the back of its Viagra deal; and lights grow dimmer – thanks, Eskom – at Ellies.
Source: dailymaverick.co.za