Basil Read: Basil Read to proceed with business rescue plan
JSE-listed construction group Basil Read's business rescue plan was approved by 99% of creditors and 98% of independent creditors during a shareholder's meeting on Thursday. Basil Read entered into voluntary business rescue in June and its business rescue plan was published in August.
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Basil Read is a construction company that designs and develops civil infrastructure and industrial projects for private and public sectors.
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