Despite considerable efforts and discussions with various potential investors, it was not possible for Dean Catamarans and his agent to find an investor proposing a recovery plan to save the company.
In these circumstances, Dean Catamarans unfortunately no choice but to conclude that there is no reasonable prospect of being rescued.
Dean Catamarans asks the court for an order to stop the process of saving the company and put it into liquidation. This application is being developed and will be published in the near future.
Dean Catamarans sincerely regret that the rescue of the site have not been possible.
( Source DLA CLIFFE DEKKER HOFMEYR Cape Town South Africa )
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