Ikigai Ventures Ltd - Special purpose acquisition company focused on Asia and Europe - Reports comprehensive loss in the six months to December 31 of GBP242,458 narrowed from GBP339,449 the year before, with loss per share of 0.01 pence compared to 0.02p. No income was declared other than bank interest of GBP9,890, rising from GBP5,282 last year. Expenses declined to GBP250,455 from GBP343,355. Since listing, says the company has actively sought potential acquisition targets both in Asia and in Europe. The company has looked at over 50 companies and reached the preliminary stage of negotiating heads of terms with three. But a combination of very poor market sentiment, the ongoing difficulty of raising equity capital and the nervousness of potential reverse takeover candidates has meant none of these discussions has progressed.
Current stock price: suspended at 45.00 pence per share
12-month change: down 99%
By Jeremy Cutler, Alliance News reporter
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Ikigai Ventures (IKIV)