AGI suspended on possible liquidation

South African manufacturer and wholesaler of glass and aluminium products, AGI, has requested the Johannesburg Stock Exchange (JSE) to suspend its shares after being made aware of a possible applicati…

South African manufacturer and wholesaler of glass and aluminium products, AGI, has requested the Johannesburg Stock Exchange (JSE) to suspend its shares after being made aware of a possible application for provisional liquidation. The board was holding a meeting to make a decision on its future. In October, AGI announced that it needed additional funds because of harsh conditions, almost ten months after fighting off a R1bn bankruptcy – but said investors could expect a better 2011.