Although Ellies Holdings is facing liquidation, the group’s underlying businesses could yet be saved.
Browsing: Ellies
Ellies Electronics has received buyout offers from unnamed third parties that its CEO believes could save the company.
One of the JSE’s longest-surviving technology companies is no more: Ellies Holdings will be wound up and shut down.
One of the JSE’s longest-surviving technology companies has been placed into voluntary business rescue.
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Ellies Holdings has been given the green light to buy Bundu Power, a deal it said is critical to its turnaround plans.
Perennial underperformer Ellies has warned it will splash more red ink over its income statement.
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Ellies Holdings has announced plans for a rights offer, seeking to raise R120-million from investors.
Ellies Holdings cautioned investors on Wednesday that it is in negotiations about potential acquisitions in the solar and renewable energy sectors.