Imagine Un Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Imagine Un Ltd Not To Proceed With Proposed Acquisition Of Primary Foods Company Pty Ltd
Imagine Un Ltd announced that it has mutually agreed not to proceed with its proposed acquisition of Primary Foods Company Pty Ltd (PFC). As a result, the Novation Agreement and the Converting Note Agreement referred to in the Company's announcements dated 1st & 5th March 2013 have been rescinded ab initio. The parties return to the position they were in prior to the signing of the agreements. With a view to ensuring that IUL is re-quoted as soon as possible, the Board has entered into an exclusive negotiating period with Rox Capital Pte Ltd of Singapore for IUL to acquire several Sri Lanka focused investments.
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