The business rescue practitioners handling industrial holding company PSV Holdings’ business rescue process have extended the date for presentation of the business rescue plan to July 13.
More than 50% of PSV’s creditors had agreed to the extension.
In addition, material PSV shareholder DNG Energy and another party have launched an application out of the High Court of Gauteng, in South Africa, to place PSVI and African Cryogenics under business rescue in the interest of all stakeholders.