21st Jun 2016 07:37
LONDON (Alliance News) - SyQic PLC on Tuesday said the deadline by which its Chief Executive Jamal Hassim and MMV Investments (HK) Ltd must either make an offer for the company or walk away has been extended to July 12.
The deadline under UK takeover code was previously set to expire Tuesday, and prior to that on June 7.
The on-demand video content provider had previously said in April that Hassam and MMV Investments, a company owned by Johan Robb, were in talks with an independent committee on a potential offer for the company.
Shares in SyQic were down 6.2% at 15.01 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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