Tag Archives: Mergan Moodley

ODM shareholders withdraw business rescue complaint

South African satellite pay-TV operator, On Digital Media (ODM), announced that its two minority shareholders, First National Media Investment Holdings (FNMIH) and Mergan Moodley, have withdrawn their urgent court application to stop the business rescue process by Chinese firm, StarTimes. The shareholders, who own a combined 22% in ODM had filed an application in the [...]

Shareholders disrupt TopTVs rescue plan

Two On Digital Media (ODM) shareholders, First National Media Investment Holdings (FNMIH) and Mergan Moodley, which together hold 21.1% of ODM’s equity, plan to take the South African satellite pay-TV operator to court and prevent the StarTimes business rescue plan for TopTV from proceeding any further. The shareholders claim they were excluded from a new [...]