Steinhoff runs into trouble as former Tekkie Town bosses ask for liquidation

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Law Law Headlines News

Former Tekkie Town owners apply to liquidate Steinhoff

Bid launched in the Western Cape High Court is done on the basis that Steinhoff has registered office in StellenboschThe former owners of discount retail footwear and apparel company Tekkie Town, which was acquired by Steinhoff in 2016, launched an application in the Western Cape High Court on Wednesday to liquidate the global furniture company.

Steinhoff is in the middle of cleaning up its image and balance sheet after revelations of a R100bn-plus accounting fraud in 2017, which sent its share price crashing and triggered multiple litigation claims from shareholders and former business partners on grounds that it misrepresented its financial position over a number of years...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LAW

Law Law Latest News, Law Law Headlines