6th Sep 2019 12:55
(Alliance News) - Boston International Holdings PLC on Friday said it is considering acquisitions outside the FX sector.
The company's investment strategy to date has been to focus on potential acquisitions in the FX space because of the board's experience in this industry. However, due to a lack of opportunities, Boston is now considering targets in alternative sectors.
"The board's efforts in identifying a prospective target company or business will not be limited to a particular industry or geographic region and a further announcement will be made at such time as the company is able to provide further details on any proposed transaction," Boston said.
The firm added that as it continues to assess potential opportunities, it will "prudently" manage its remaining cash reserves and minimise operating expenses.
Shares in Boston were untraded at 4.5 pence in London on Friday.
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