Cilo Cybin said it’s revived a plan to list on the stock exchange in Johannesburg.
The special purpose acquisition company is opening the sale of 10% of its shares on Thursday and aims to raise 7.1 million rand ($381,000), it said in a statement.
An earlier attempt was called off after capital raising took place slower than anticipated. The company is backed by Malaysian biotechnology firm ALPS Global Holding Bhd.
The special purpose acquisition company is opening the sale of 10% of its shares on Thursday and aims to raise 7.1 million rand ($381,000), it said in a statement.
An earlier attempt was called off after capital raising took place slower than anticipated. The company is backed by Malaysian biotechnology firm ALPS Global Holding Bhd.
Detail found here:
https://www.moneyweb.co.za/news/south-africa/sa-cannabis-firm-moves-toward-ipo-in-johannesburg/