BCX restructures BEE shareholding

March 20, 2008
Information and communication technology group Business Connexion (BCX) has entered into an agreement with its black economic-empowerment (BEE) partners, Gadlex Holdings, which would replace the existing third party BEE debt funding of R77-million in Gadlex previously guaranteed by BCX to the third party funder, by subscribing for preference shares in Gadlex Holdings.
Gadlex Holdings were currently 25,01% shareholders in BCX, through their subsidiary company Gadlex.

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