Articles
Elexir Computer Services has been placed in liquidation.
Beleaguered Elexir has staved off the suspension of its share by publishing its belated results.
Struggling JSE-listed Elexir Technology Holdings says subsidiary Elexir SA has been placed into voluntary liquidation.
Elexir has received a public censure from the JSE.
Elexir results for 2004 now show a loss instead of the profit reported before.
Elexir shareholders are being asked - after the event - to approve the sale of a business Elexir says probably could not be reversed.
Elexir plans to convert debt to equity and sell non-core property.
Restructuring has led to a headline loss of 0.64c a share at JSE-listed Elexir.
Elexir Technology Holdings` latest interim earnings are expected to be substantially lower than those of the previous interim period.
Elexir Technology Holdings achieved a profit in its latest financial year, although its auditors have indicated that it could still be exposed to significant demands on its cash resources.
Elexir Technology Holdings returned to profitability in the six months to 28 February as a result of a focus on its core business as an IT reseller.
Elexir Technology Holdings has failed to submit its audited annual financial statements in terms of JSE regulations, as auditors have not yet formed an opinion on Elexir`s going concern status.