MGX has postponed its planned delisting from the JSE.
The group says in a cautionary statement issued last night that its board will "revisit" the delisting after the publication of the full-year financial results - expected at the end of next month - and the conclusion of a black economic empowerment deal involving subsidiary Metrofile.
It adds that the empowerment talks are at an advanced stage.
The delisting has been in the pipeline since November last year, when the group admitted that it had been on the verge of collapsing.
This was the result of high debt levels, a deteriorating trading performance and legal disputes.
MGX has since then undergone a significant restructuring, with the aim of shedding all its operations except the Metrofile subsidiary. MGX also intends to change its own name to Metrofile.
The disposals include the recent sale of its Midrand property for R35 million.
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