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
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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
Troubled Ellies looks to raise R120-million in rights offer
Ellies Holdings has announced plans for a rights offer, seeking to raise R120-million from investors.
Source: techcentral.co.za