Sharp Brave rescue launched

PUBLISHED : Friday, 23 October, 1998, 12:00am
UPDATED : Friday, 23 October, 1998, 12:00am

Northern International Holdings has launched a rescue bid for troubled wholly owned subsidiary Sharp Brave - which is facing a wind-up order - with the proposed compromise of debts with creditors. Sharp Brave owes $133.2 million to 199 creditors.