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SYDNEY, Oct 25 Asia Pulse - Essential services advisory organisation Imagine Ltd plans to raise $A2.5 million ($US1.89 million) and float on the stock market through a reverse listing.
Imagine has lodged a prospectus for an offer of up to 62.5 million shares at four cents each.
The deal is being done with listed internet technology company Horizon Global Ltd (ASX:HZG), whose shares will be suspended from trading at the close of business on November 9.
Imagine will enter into two share sales agreement with Horizon, with Horizon investing $A21 million ($US15.88 million) to acquire up to 100 per cent of Imagine subsidiary Imagine Essential Services, and 100 per cent of subsidiary Imagine Global Pty Ltd.
Imagine ...
Source: HighBeam Research, IMAGINE LTD TO LIST ON AUSTRALIAN BOURSE.