CLB 0.00% $1.10 candy club holdings limited

Ann: AGM Presentation, page-2

  1. sle
    10,659 Posts.
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    So what will this exactly mean if it comes to fruition????

    FocalPoint has been in discussions with a range of investors including private
    equity, venture capital and strategic investors. A very large number of investors
    have shown interests in this process and have now signed NDAs.
    Investment options include raising new equity, and the sale of all or part of
    Candy Club.

    Proposals will be submitted to FocalPoint by 23 June and Candy Club expects
    this to be concluded with a binding proposal, pending due diligence, in 8-12
    weeks outside of any ASX regulatory requirement.
    Shareholders should be aware that there is no certainty these discussions will
    lead to any acceptable proposal and the Company will update shareholders in
    due course, including whether a proposal has been made or is under
    consideration
 
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