Labat Africa Group has reassured its shareholders and stakeholders that the company remains a going concern despite the suspension of the companys shares trading on the JSE.
It said yesterday that this action was a matter that the company was addressing with the utmost seriousness and diligence and it was actively working to lift the suspension by concluding the 2023 and 2024 audits and ensuring full compliance with the JSE Listings Requirements.
Labat said it had been assured that once this undertaking was completed the suspension of the shares would be lifted.
Labat said that following the termination of its previous auditors, the company was actively engaged in the appointment of the auditors with a full announcement in this regard to be made in due course.
The company remains resolute in its commitment to adhering to all regulatory requirements, as it has successfully done over the past 30 years.
