(Alliance News) - Cash shell Tau Capital PLC said Monday it continued to seek a reverse takeover
as AIM market share cancellation looms, but it is considering other exchanges should a deal not emerge in time.
("UMG") has recently completed a reverse takeover
transaction with the resulting issuer being renamed UMG Media Ltd.
Golden Saint Technologies made a loss of US$385,000, compared to a profit of US$270,000 last year, but this was largely due to costs related to its reverse takeover
of Singapore-based tech firm EMS Wiring Systems Pte Ltd.
Last year, Sanjeev Gupta's GFG Alliance took a 49.99% stake in the company as part of a reverse takeover
(TSX Venture: LEN) have approved all matters brought before them at the annual general and special meeting of shareholders, including the reverse takeover
transaction involving the acquisition of all of the issued and outstanding shares of 1163631 B.C.
Calling this transaction a 'reverse takeover
,' the Philippine Stock Exchange suspended trading on shares of PHA for an indefinite period starting Wednesday pending the disclosure of more information.
Under the reverse takeover
, GKN shareholders would own around 57% of the combined group and would become "major participants in the potential future value creation in both the GKN and Melrose businesses", Melrose said.
Dubai: London Stock Exchange-listed Al Noor Hospitals Group PLC on Tuesday confirmed it has received a aACAyhighly preliminary' indication of interest from Abu Dhabi-based VPS Healthcare Group, following its proposed reverse takeover
of South Africa's Mediclinic International Ltd last week.
FRENCH firm Schneider Electric is to take control of engineering software maker Aveva in a PS550m "reverse takeover
" deal - two years after it swooped for Britain's Invensys.
Under Hong Kong's rules, a substantial asset injection within two years after a takeover of a listed company is considered a reverse takeover
, which is vetted by the stock exchange as if it were an IPO, requiring all the regulatory approvals.
WRAGGE & Co's Public Companies team has completed the reverse takeover
of cloud service provider Nasstar.