"Shareholders and any other investors should note that there is no certainty or assurance that any specific or definitive transaction will eventually materialise or be carried out as a result of such negotiations.
Serial Achieva, a separately listed subsidiary of Serial System, says in an announcement after market closed that it is in talks over a "potential transaction" involving its shares.
Earlier in the day, the company's share price surged by 31.15% to close at 16 cents.
