People's Leasing & Finance PLC (COSE:PLC-N-0000) cancelled the acquisition of remaining 62.9% stake in People's Merchant Finance PLC (COSE:PMB-N-0000) from People's Bank, Redwin Holdings Limited and others.
People's Leasing & Finance PLC (COSE:PLC-N-0000) cancelled the acquisition of remaining 62.9% stake in People's Merchant Finance PLC (COSE:PMB-N-0000) from People's Bank, Redwin Holdings Limited and others on January 10, 2019. The transaction was terminated because Board of Directors of People's Merchant Finance PLC has resolved to proceed with a capital infusion by way of a private placement and right issue of shares.