Pinnacle Point’s convoluted saga will occupy the courts for some time
While the liquidation will lead to the winding up of the company, a long list of other court processes and investigations are trying to get to the bottom of the mess
Pinnacle Point Lagos Keys project folds
Pinnacle Point Group cannot raise funds to develop its Lagos Keys project in Nigeria, whose value is estimated to be R398m
Pinnacle Point Lagos Keys project folds
Financially troubled property company Pinnacle Point Group will have its Lagos Keys project in Nigeria, terminated as it cannot raise funds to develop the venture.
Pinnacle shareholder subscribes for new shares
Pinnacle has advised that it has signed an agreement with its major shareholder, Trilinear Empowerment Trust, in terms of which Trilinear will subscribe for 1.3m new shares.
Pinnacle expects lower headline loss per share
Property development group Pinnacle Point said that it expected basic and headline losses per share to improve by between 25% and 45%.
Property crashes, the exposure of dodgy deals and banks searching for ways to limit their losses
Property crashes, the exposure of dodgy deals and banks searching for a way to limit their losses.
Pinnacle to list on Nigerian Stock Exchange
JSE-listed property development company Pinnacle Point has announced that it would list on the Nigerian Stock Exchange on Wednesday March 18.
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