TONGAAT HULETT DEVELOPMENTS PROPRIETARY LIMITED (THD) BUSINESS RESCUE PLAN ADOPTED

30 May 2023

92% of creditors voted, with 99.8% voting in favour of the plan

The business rescue practitioners (BRPs) of the property development arm of Tongaat Hulett Limited (THL), today announced that creditors voted overwhelmingly in favour of THD’s business rescue plan.

92% of creditors voted, with 99.8% voting in favour. The adopted plan will now be implemented.

Notes to editors

Please refer to https://www.tongaat.com/tongaat-hulett-developments-proprietary-limited-thd-business-rescue-plan-released-today/ for the media release issued on 19 May when the THD business rescue plan was released.