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Convergenet Holdings Ltd Announces Proposed Restructure Of Group


Monday, 29 Jul 2013 05:20am EDT 

Convergenet Holdings Ltd announced that the Board of Directors of the Company has agreed to restructure the ConvergeNet group of companies (Group) to take the Company forward. The restructure will entail the closure of the Company’s head office; the disposal of certain non-core subsidiaries; the comprehensive rationalization of the Group’s legal structure (the Rationalization) and a restructuring of the authorized and issued share capital of the Company by way of a share consolidation; odd-lot offer and specific offer (collectively hereinafter referred to as the Restructure). 

Company Quote

239.0
18.0 +8.14%
21 Nov 2014