LONDON (Dow Jones)--U.K.-based investment vehicle Mission Capital PLC (MCAP.LN) said Monday it is in preliminary discussions over an acquisition, which would be regarded as a reverse takeover, adding that it hopes to submit the details to shareholders for approval in time for it to complete by early February. The company said it has looked at a number of other potential investment opportunities, but none of these have been suitable to submit to shareholders. Under the AIM Rules, Mission Capital was required to make an acquisition classed as a reverse takeover by July 31, 2010, as this was 12 months since it had disposed of Karspace Management Ltd. As it hasn't, trading in company's shares has been suspended from Monday. Mission Capital added that if it doesn't make a qualifying transaction in the next six months, the London Stock Exchange will cancel admission of its shares on AIM. -By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; rachael.gormley@dowjones.com (END) Dow Jones Newswires August 02, 2010 03:15 ET (07:15 GMT)