Daily News
15 December 2022
Adcorp Holdings Ltd. (ADR:JNB), a Johannesburg, South Africa-based staffing provider, said Wednesday it hadnt found a buyer for its subsidiary allaboutXpert Australia Propriety Ltd. As a result, Adcorpo placed allaboutXpert in voluntary administration on 12 December.
Adcorp had reported in October that it had classified allaboutXpert Australian subsidiary as a discontinued operation and noted the subsidiarys performance had negatively impacted overall business.
The allaboutXpert business had contributed less than 1.7% of Adcorps revenue for the six months ended 31 August, according to a regulatory filing. Adcorp itself remains both solvent and liquid, the company said, adding its cont…
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