Brief: Groclin Says Starts Talks With Potential Investor Group On Adding E-Commerce Entity

Less SA

01/09/2021 07:28

Sept 1 (Reuters) - Groclin SA  GCN.WA :
    * SAYS SIGNS SUBSCRIPTION DEAL FOR 1.0 MILLION SHARES WITH
GERSTNER MANAGEMENTHOLDING
    * SAYS RESOLVES TO START TALKS WITH POTENTIAL INVESTOR GROUP
ON
ADDING E-COMMERCE ENTITY TO COMPANY
    * SAYS TERMS FOR POTENTIAL TRANSACTION TO BE SET BY END-SEPT
    * SAYS CARRYING OUT POTENTIAL TRANSACTION WOULD REQUIRE
SHARE
CAPITAL INCREASE

Source text for Eikon:  ID:nEM2Lstd7a 
Further company coverage:  GCN.WA 

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