12th Jul 2016 08:20
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 August 15.
The deadline under UK takeover code was previously set to expire Tuesday.
The on-demand video content provider disclosed in April that Hassam and MMV Investments were in talks with an independent committee on a potential offer for the company.
Shares in SyQic are currently suspended.
By Sam Unsted; [email protected]; @SamUAtAlliance
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