25th Jun 2015 12:12
LONDON (Alliance News) - Lead All Investments Ltd Thursday said two possible acquisition fell through in 2014, a year in which it held talks with public and private companies in Malaysia, with the prospects falling through during due diligence.
"During the period under review, the board pursued two possible acquisitions, and held serious detailed discussions with public and private companies in Malaysia. Unfortunately each of these prospects encountered problems during the due diligence process, and we concluded it would not be appropriate to proceed," Chairman Ahmad Nasri Bin Abdul Rahim said in a statement.
"However we continue to examine a range of proposals both brought to our attention and also in respect of businesses with which we are familiar, mainly in the Asia Pacific region," Ahmad Nasri Bin Abdul Rahim added.
The company's loss before and after tax widened to GBP234,000 in 2014 from GBP172,000 in 2013.
Ahmad Nasri Bin Abdul Rahim said he is "optimistic" about the company's long term prospects.
By Samuel Agini; [email protected]; @samuelagini
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