The planned reversal of fitness club operator and franchiser energie into Plus-quoted shell HubCo Investments has been called off.
Nearly six weeks after the initial announcement, HubCo said that negotiations with Blusky Investments, the holding company of energie, have ended due to “volatile market conditions”.
Hargreave Hale owns 22.6% of HubCo, which is seeking another reverse takeover target.
HubCo shares returned from suspension on 28 May. They remain unchanged at 10p each, which values the shell at £900,000.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds