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Provider: Reuters Investment Profile

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Sherbourne Capital Limited Updates On Arkein International Limited's Acquisition

Tuesday, 5 Mar 2013 01:28am EST 

Sherbourne Capital Limited announced that with reference to the earlier announcement, regarding an agreement in terms of which Sherbourne would acquire 51% of the issued ordinary share capital of Arkein International Limited. Sherbourne hereby advises shareholders that the parties have mutually agreed not to proceed with the transaction, thus resulting in Sherbourne remaining a cash shell in terms of paragraph 3.26 of the JSE LR. 

Company Quote

1.0 +100.00%
23 Jul 2013