The Ellies Electrical brand will live on after SMD Technologies acquired it.
Browsing: Ellies
Although Ellies Holdings is facing liquidation, the group’s underlying businesses could yet be saved.
Ellies Electronics has received buyout offers from unnamed third parties that its CEO believes could save the company.
One of the JSE’s longest-surviving technology companies is no more: Ellies Holdings will be wound up and shut down.
One of the JSE’s longest-surviving technology companies has been placed into voluntary business rescue.
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Ellies Holdings has been given the green light to buy Bundu Power, a deal it said is critical to its turnaround plans.
Perennial underperformer Ellies has warned it will splash more red ink over its income statement.
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Ellies Holdings has announced plans for a rights offer, seeking to raise R120-million from investors.