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IMAGINE LTD TO LIST ON AUSTRALIAN BOURSE.

AsiaPulse News

| October 25, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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Source: HighBeam Research, IMAGINE LTD TO LIST ON AUSTRALIAN BOURSE.

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