FilingReader Intelligence

Stefanutti Stocks updates on restructuring and disposal plan

April 30, 2025 at 09:02 PM UTCBy FilingReader AI

Stefanutti Stocks Holdings Limited (JSE:SSK) provided shareholders with an update on its restructuring plan and the disposal of SS-Construções (Moçambique) Limitada. This follows the company's prior reports in the unaudited condensed consolidated results for the six months ending 31 August 2024, published on 26 November 2024, and the announcement dated 28 March 2025. The company advised that lenders have agreed to extend the capital repayment profile of the loan, with a duration extended to 30 June 2026. Furthermore, parties involved in the disposal of SS-Construções (Moçambique) Limitada have extended the period for fulfilling or waiving precedent conditions to 31 May 2025. Stefanutti Stocks assures shareholders that updates on the transaction's progress will be provided.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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