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IN BRIEF: Hawkwing expects to conclude loan agreement to IFG shortly

Thu, 16th Sep 2021 21:58

Hawkwing PLC - cash shell - Says it is making good progress with an agreement to provide Internet Fusion Group Ltd with a secured loan for the purpose of financing two proposed acquisitions - Target A, an outdoor lifestyle brand, and Target B, an online retailer of fashion accessories and to cover the transaction costs of the acquisitions.

"It is anticipated that the loan agreement will be concluded shortly following which IFG is expected to complete the ccquisitions," it says.

Hawkwing shares suspended due to the reverse takeover

Year-to-date change: up 73%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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