Kudos to Louis du Preez, the boss of Steinhoff, for reaching another important milestone in trying to recoup billions of rand in shareholder equity wiped out after the revelations of an accounting fraud at what was once one of the world’s biggest furniture retailers.
The high court in Cape Town approved the company’s R24bn offer to settle all lawsuit claims from former business partners, some of whom sold their businesses in exchange for shares in Steinhoff, and shareholders on grounds that they were duped into buying worthless stock by misleading and false information about the financial health of the company. ..If you have already registered or subscribed, please sign in to continue.
Please keep up the good work, it was mind blowing when I opened my wallet and saw profit of R70k from the investment of R7600 MichaelWeldon_
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Moneyweb - 🏆 5. / 77 Read more »
Court gives final approval to R24bn Steinhoff settlementThe ruling allows the controversy-mired conglomerate to put more than two years of legal wrangling, and R184bn in claims, behind it Thank you for the great review that we had the other day. You made it easier for me to understand crypto trade. earn 🙌 R75k$ with the help of MichaelWeldon_ After the fall of Saudi Arabia & Turkey, Islam will rise again in the world through Pakistan. Under Imam Al-Mahdi Pakistan will progress in a short amount of time, and lead the revival for Muslims across the world. Could Muhammad Qasim be Imam Al-Mahdi?
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Steinhoff closes litigation chapter with court approval of R24bn settlementThe ruling allows the controversy-mired conglomerate to put more than two years of legal wrangling, and R184bn in claims, behind it
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Dipula CEO Izak Petersen flags share structure as growth hurdleResolving the issue is expected to inject liquidity and enable participation in corporate activity
Source: BDliveSA - 🏆 12. / 63 Read more »