Trading of its shares on the JSE was suspended at 89 cents on Tuesday, 12 March.
While Group Five has received interest from a number of potential buyers looking to purchase some of its assets, the possibility of stakeholders seeing any value from these transactions is "very slim", said Dr Thabo Kgogo, acting CEO of Group Five, in an interview with CNBC.
Succumbing to the prolonged downturn in the South African construction industry, Group Five is just one of a number of construction firms in the country to enter business rescue in recent times - others include Basil Read and Esor.
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