27th Jun 2016 15:16
LONDON (Alliance News) - Lead All Investments Ltd on Monday said it has appointed Mehmet Ahmed as its finance director in an effort to help drive the company's development as it considers possible acquisitions.
The company reported a pretax loss of GBP66,000 for 2015, narrowed from a pretax loss of GBP234,000 in 2014, as a result of lower administrative costs. It did not report revenue in either period.
The investment company said that it has actively pursued possible acquisitions, and has had detailed discussions with both public and private companies in Malaysia and elsewhere.
Whilst Lead All Investments is continuing to evaluate opportunities, it said it is mindful of its slow progress to date in its development.
During the year Lead All Investments raised GBP750,000 as additional working capital.
Shares in Lead All Investments were untraded Monday. They last closed at 1.25 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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