Basil Read Limited's business rescue progressing

The implementation of the business rescue plan of embattled construction company Basil Read Limited (BRL), a subsidiary of Basil Read Holdings, continues, even as its effect at a group level remains uncertain until its completion. According to monthly reports published by the business rescue practitioners (BRPs), the suspension will remain in place until the implementation is complete and the effects on the group can be determined, the report said.

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