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Zico approached for 'potential transaction' involving shares of 'certain' subsidiaries

The Edge Singapore
The Edge Singapore  • 1 min read
Zico approached for 'potential transaction' involving shares of 'certain' subsidiaries
The company recently raised $2 million via a convertible loan from a group of investors carrying an interest rate of 8% per year
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Advisory firm Zico Holdings says it has been "approached" in relation to a potential transaction of shares in "certain" subsidiaries.

The June 19 announcement was made after market closed for the day. Zico shares closed at 5 cents for the day, up 19.05%.

"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 approach.

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