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Shareholders vote in favour of Group Five business rescue plan
Business rescue practitioners (BRPs) Dave Lake and Peter van den Steen on Wednesday presented the business rescue plans for Group Five Construction (G5 Construction) and Group Five Limited (G5) to shareholders and received an “overwhelming positive vote of confidence” from shareholders. The business rescue processes for these entities are two legally separate proceedings, with two separate business rescue plans. G5 Construction represents the majority of the businesses, claims and recovery value within the greater G5 group of companies.
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