6th Mar 2020 14:14
(Alliance News) - Shares in Hawkwing PLC were suspended on Friday, as the cash shell is yet to agree a reverse takeover.
The company completed the sale of its Australian business on September 5, kicking off a six month countdown for Hawkwing to either secure an acquisition or become an investment company. The latter would require Hawkwing to raise GBP6 million.
Hawkwing said: "As neither a reverse takeover nor re-admission to trading on AIM as an investing company under the AIM Rules have been completed, the company confirms that trading in the company's ordinary shares on AIM has been suspended.
"Trading in the company's ordinary shares will remain suspended until the re-admission to trading on AIM of the company, following the completion of a reverse takeover."
Hawkwing was formerly known as sports marketing and player representation business TLA Worldwide.
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
HNG.L