Crux Technologies says a shareholder meeting this morning approved a resolution required for it to delist, and its shares will be traded on the JSE for the last time on 3 January.
The company earlier this year said it would dispose of the last of its assets and wind up.
With shareholder approval now official, the listing of Crux shares on the JSE is to be terminated on 13 January.
An irrevocable cash offer to minorities of 5c a share by the Time Quantum group for the remaining Crux shares closes tomorrow afternoon. The results of the offer are to be published on Monday.
Crux decided to "review its strategic direction" this year after it was hit by resignations and bad debts.
Almost its entire professional services division, which focused on Macola software installations, walked out to set up a business in direct competition to their former employer. Crux`s attempts to stop them legally was unsuccessful and the company estimated a R6 million loss from the affair.
Another unprofitable division was sold but full payment was never received, with the division reverting back to Crux.
In September Crux reported dismal May year-end figures showing a headline loss of 19.6c a share. Current liabilities outweighed current assets by almost two to one
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