CORPORATE ACTIVITY
Denel has taken to the High Court of South Africa in Gauteng to clear up doubts over the legal standing of Denel Asia, a joint venture (JV) with VR Laser Asia. The State-owned defence group on Friday applied to the High Court in Pretoria for an order declaring that it obtained approval to form the JV with VR Laser Asia and that Denel Asia was duly established after following and complying with all the relevant prescripts of the Public Finance Management Act.
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