The JSE listing of Global Technology Holdings (Glotec) comes to an end on 31 January.
Glotec announced in September that it had reached agreements to dispose of its remaining operations.
This was after 18 months of extensive restructuring, which included selling off most of its assets, failed to revive the flagging business.
Glotec says its restructuring process depended on the satisfactory performance of its three remaining subsidiaries, but they had not performed as expected.
The group has lost the credibility of all stakeholders as a result, it adds.
"Due to this predicament, the directors of Glotec have taken the decision to dispose of the remaining three operating subsidiaries and thereafter to place the group into voluntary liquidation.
"Following this voluntary liquidation, it is unlikely that there will be any distribution, cash or otherwise, to shareholders."
The group has sold Brolink and GTIS to Zamori 120 for R3.67 million. Zamori 120`s shareholders are Calibre Private Equity Investors Partnership Number 11 and the Brolink directorate and management.
Glotec Business Intelligence was sold to Enterprise Outsourcing Holdings for R4.7 million while ACS was sold to ACS directors and staff for R2 million.
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