Fandango Holdings PLC - investment company focused on the industrial and services sectors - Says pretax loss for the year ended August 31 widened to GBP496,000 from GBP44,000 the year before. It attributes this to a loan impairment charge of GBP296,000 for the year. Plans to acquire Bahamian-based Radair Ltd in a reverse takeover transaction. Believes that the acquisition will add significant shareholder value.
Current stock price: suspended
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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