News blog
African Medical Investments
- BY: Andrew Hore |
- POSTED: 27/06/2008 |
Phil Edmonds has floated his latest shell on Aim.
African Medical Investments raised £5.1m at 10p a share, and the company was valued at £5.6m. The shares started trading at 12p – a bid/offer spread of 11p-13p.
The plan is to acquire businesses involved in healthcare in Africa. It will then grow and develop them.
Discussions have been held with one specific target but only limited information has been exchanged.
None of the three directors of the company has direct experience of the healthcare sector.
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