Brief: Fiji Kava Terminates Acquisition Of Leilo

Calmer International

08/02/2023 24:01

Feb 8 (Reuters) - Fiji Kava Ltd  FIJ.AX :
    * ACQUISITION OF LEILO WILL NOT PROCEED UNDER TERMS APPROVED
BY
SHAREHOLDERS AND EXCLUSIVE NEGOTIATION PERIOD WITH LEILO INC HAS
CEASED.
    * UPDATE ON USA STRATEGY AND PROPOSED ACQUISITION OF LEILO
INC
    * COMPANY IS CURRENTLY EXPLORING MANUFACTURING AND
CO-PACKING
OPTIONS IN FIJI
    * WILL CONTINUE WITH ITS STRATEGY TO LAUNCH FUNCTIONAL
BEVERAGE
PRODUCTS IN USA UNDER FIJI KAVA'S PROPRIETARY BRANDS AND NEW
BRANDS

Source text for Eikon:  ID:nASX7lqG7r 
Further company coverage:  FIJ.AX 
 ((Reuters.Briefs@thomsonreuters.com;))