Excelsior Capital Continues Talks for Potential Recapitalization Third Party Transaction
MT Newswires Live
Yesterday
Excelsior Capital (ASX:ECL) said talks with a third party regarding a potential transaction that could result in the recapitalization of Excelsior and its continuation as an ASX-listed investment entity remain ongoing, and due diligence in relation to the potential transaction is continuing, according to a Friday Australian bourse filing.
It requested that ASX extend the deferral of its proposed removal from the official list to allow for sufficient time for these talks and due diligence to advance.
A proposed transaction would remain subject to the negotiation and execution of definitive documentation and any necessary board, shareholder, regulatory, and ASX approvals, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.