Business rescue practitioners for financially distressed Esor Construction said on Thursday that the company can be saved.
BDO Business Restructurings optimism revives hope that the civil engineering and construction firm, which went into business rescue in August 2018, can be brought back to life as a going concern.
The business rescue practitioners are still of the view that there is a reasonable prospect of developing and implementing a business rescue plan for the company that will ensure that, on acceptance of the plan, it will continue in existence on a solvent basis, Esor said in a statement.
But it said the companys revival requires the re-organisation of its finances and an arrangement …
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