- September 1, 1999
- Posted by: admin
- Category: Historical Investments
Empowerment company HOSKEN CONSOLIDATED INVESTMENTS could resuscitate once core operating subsidiary, IGI, currently a cash shell on the JSE where it has lain dormant for six years. Head of registration and policy at the Financial Services Board, Deon van Staden, says shareholders in IGI could apply to lift the six-year suspension on the share if they could provide new assets and a new business plan. A household name until it became embroiled in bad investments such as TOLLGATE and TIME HOLDINGS in the early 1990s, it was placed under curatorship in 1993 – HCI the biggest shareholder with a 55.5% stake.
Source: Business Report