Ellies Holdings placed under final liquidation

[Jan]

Ellies goes into final liquidation

Ellies Holdings has been placed under final liquidation, the company has announced on the JSE News Service.

It emphasised that this only related to Ellies' listed holding company and not its operating entity, Ellies Electronics.

 

[G.A.S]

It emphasised that this only related to Ellies’ listed holding company and not its operating entity, Ellies Electronics.

“Ellies Electronics remains in business rescue, and its business rescue practitioner is continuing to implement the adopted business rescue plan,” the company’s statement said.

TLDR:
It is only a matter of time before Ellies Electronics follows...