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Johannesburg - Shareholders of Alert Steel Holdings [JSE:AET] are referred to the announcement released on Sens on December 30 2014 regarding the business rescue proceedings of Holdings.
The business rescue practitioner is currently awaiting payment for business rescue fees and expenses. Upon payment of these fees and expenses, Holdings should no longer be in financial distress, following which the business rescue proceedings will be terminated. the company said in a Sens statement on Monday.
Shareholders are advised to exercise caution when dealing in the securities of Holdings until a further announcement has been made.
