8th Dec 2015 08:23
LONDON (Alliance News) - Challenger Acquisitions Ltd shares surged as the company returned to trading on Tuesday morning following completion of its acquisition of Starneth and its investment in the New York Wheel Project.
Shares in the company were up 36% to 54.5 pence on the news, the best performer in the London market early Tuesday.
Challenger acquired the main operating business of Starneth, a Dutch engineering company, via a reverse takeover earlier this year and invested USD3.0 million to buy a small stake in New York Wheel Investor LLC, a company set up to fund the equity component of the New York Wheel, a 630-foot high observation wheel to be constructed in New York.
By Sam Unsted; [email protected]; @SamUAtAlliance
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