MGX Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1983/012697/06)
Share code: MGX
ISIN: ZAE000009262
For further information call
Roy Midlane on (011)695 2096 or 082 414 3396
Johannesburg, 2 January 2003 - MGX said today that the late publication of the
audited financial results by subsidiary EC Hold Limited was a further symptom of
recently uncovered financial and administrative housekeeping problems at the
centre of the group.
Financial director, Roy Midlane, said the new management team tasked with the
recovery of the group was giving urgent attention to this matter in consultation
with the company`s advisors and it was hoped that the audited financial results
of EC Hold for the eighteen months ended 30 June 2002 would be available during
the course of this month.
Issued by du Plessis Associates on behalf of MGX Holdings Limited. dPA contact
Helen McKane on 082 330 2034, fax (011) 728 2547 or e-mail gen@dpapr.com.
Date: 02/01/2003 11:05:00 AM Produced by the JSE SENS Department
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