6th Aug 2021 11:42
Starcrest Education The Belt & Road Ltd - Cayman Islands-based developer and operator of education services - Signs heads of terms to buy up to 80% of National Training Company Ltd. Slough-headquartered NTC delivers educational training and apprenticeships across various sectors.
Under the terms of the agreement, Starcrest agrees to put options to require it to purchase the remaining 20% of NTC. The potential reverse takeover means Starcrest's shares remain suspended for the time being.
In separate news, Starcrest says it will no longer go ahead with its proposed purchase of 60% of The London School of Science and Technology Ltd. Costs relating to the proposed acquisition amounted to GBP1.2 million and have been written off, Starcrest confirms.
Shares currently suspended from trading, last quoted at 42.00 pence.
By Will Paige; [email protected]
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