New developments

by | Jul 25, 2023 | Announcements

Further articles by Roy Cockayne of Moneyweb
1. CIPC steps in re sale of The Villa 2. Liquidation applications on 12 Nova companies withdrawn

<www.ndcag.co.za/go/2101> Proposed sale or auction of ‘tombstone mall’ thrown into disarray

and ..

<www.ndcag.co.za/go/2100> Liquidation applications against 12 Nova companies halted

It would seem that, judging from some of the terms of the Nova/Quatro agreement detailed in this article, CIPC should step in once again to remind the parties of the 2022 directive ordering Nova not to dispose of any further properties, whether directly or as in this case, potentially

Nuutste ontwikkelinge

by | Jul 25, 2023 | Announcements

Verdere artikels deur Roy Cockayne van Moneyweb
1. CIPC tree oor die verkoop van The Villa in
2. Likwidasie-aansoeke op 12 Nova-maatskappye is teruggetrek

(Artikels slegs in Engels beskikbar)

<www.ndcag.co.za/go/2100?fbclid=IwAR0mxBoZMq-zgGcowz87bLPHHRdtc8pog1 m2BpXgARE80eCyPnnI5PoWJ_0> www.ndcag.co.za/go/2100
of
www.moneyweb.co.za/…/proposed-sale-or-auction…/

en

<www.ndcag.co.za/go/2100?fbclid=IwAR04o1MspaUNlxt9w7hB2W06FI1v9g4U7D kalOIabp8rp9F2U7AmPvJJu7s> www.ndcag.co.za/go/2100
of
<www.moneyweb.co.za/in-depth/investigations/liquidation-applications -against-12-nova-companies-halted/?fbclid=IwAR0n0UN088RLPtDuOM1CGobj4Me5JH_C YB9clejvgsVqSTmGGIiZa9A3e0k> www.moneyweb.co.za/…/liquidation-applications…/

Dit wil voorkom asof, te oordeel aan sommige van die bepalings van die Nova/Quatro-ooreenkoms wat in hierdie artikel uiteengesit word, CIPC weereens moet intree om die partye te herinner aan die 2022-direktief wat Nova beveel om nie van enige verdere eiendomme te beskik nie, hetsy direk of soos in hierdie geval, moontlik

Verdere inligting oor The Villa-ontwikkelinge

by | Jul 20, 2023 | Announcements

‘Tombstone’ mall woes continue”

Deur Roy Cockayne by Moneyweb, 11 Julie

www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-conti nue/

of

<www.ndcag.co.za/go/2030> www.ndcag.co.za/go/2030

Die inhoud en invoer van hierdie artikel word getemper deur die volgende ontwikkeling:

Een van ons lede het Nova (waarvoor, dankie) ‘n e-pos gestuur oor die Moneyweb “12 Nova-maatskappye staar likwidasie-aansoeke in die gesig” artikel wat ons op 11 Julie hierin gepubliseer het en ‘n verduideliking versoek.

Nova het geantwoord met: “Die saak is afgehandel, en die aansoeke word teruggetrek”

Dit beteken dat Nova waarskynlik ‘n mate van verstandhouding met Quatro Group bereik het en die terugtrekking van die aansoeke sal die normale regsprosesse volg

Ons het in ons kommunikasie met die lid gesê dat die betrokke eiendomme nou “buite gevaar” is en beleggers het die verdere beskerming deurdat Nova opdrag ontvang het om op te hou om van verdere bates te verkoop kragtens die Augustus ’22-voorskrif uitgereik deur CIPC

Further information on The Villa developments

by | Jul 20, 2023 | Announcements

“Tombstone’ mall woes continue”
By Roy Cockayne at Moneyweb, 11 July
<www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-cont inue/> www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-conti nue/
or
<www.ndcag.co.za/go/2030> www.ndcag.co.za/go/2030
The content and import of this article is tempered by the following development:

One of our members emailed Nova (for which, thank you) regarding the Moneyweb “12 Nova companies face winding up applications” article that we published herein on 11 July and requested an explanation
Nova responded with: “The matter has been settled, and the applications are being withdrawn”
This means that Nova have probably reached some understanding with Quatro Group and the withdrawal of the applications will follow the normal legal processes
We stated in our communications with the member that the relevant properties are now “out of danger” and investors have the further protection in that Nova have been instructed to cease disposing of further assets under the August ’22 directive issued by CIPC