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4ANNEXURE A LIST OF LEASES in relation to the Bushiness Rescue Flan for ECON LIMITED (under business rescue) (Registration No. 2007/00, 3525/06)PUBLICATION DATE: 8 JUNE.202042 Appendix A1 ONEROUS
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01
Obtain all necessary information and documents related to the business rescue process of Edcon.
02
Identify and appoint a business rescuer for Edcon.
03
Develop a business rescue plan outlining the measures to be taken to rescue Edcon.
04
Seek approval of the business rescue plan from the creditors and other stakeholders of Edcon.
05
Implement the business rescue plan by taking necessary actions to restructure and save Edcon from financial distress.
06
Monitor the progress of the business rescue plan and make any necessary adjustments if needed.

Who needs business rescue of edcon?

01
Edcon, a South African retail company that is facing financial difficulties and is at risk of liquidation, needs business rescue in order to restructure its operations and avoid bankruptcy.
02
Creditors of Edcon who are owed money by the company may also benefit from business rescue as it provides a potential opportunity for them to recover some of their debts.
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Business rescue of Edcon is a process designed to rehabilitate a financially distressed company and provide it with an opportunity to reorganize and restructure in order to avoid liquidation.
The directors or board of Edcon are required to file for business rescue if they believe the company is financially distressed and in need of rehabilitation.
The directors or board of Edcon must appoint a business rescue practitioner who will assist in the process of filing for business rescue. The practitioner will guide them on how to correctly fill out the necessary forms and documentation.
The purpose of business rescue for Edcon is to provide the company with breathing room to restructure its operations, renegotiate contracts, and create a viable business plan to improve its financial position.
The business rescue plan for Edcon must include financial statements, details of the restructuring plan, a list of creditors, and any other relevant information that will support the company's rehabilitation.
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