Cacola

Cacola: Proposed acquisition of Guizhou goldmine had lapsed as the company remains in ongoing discussion with Gold Tycoon Limited on the terms of the agreement. Group first announced the MOU on 4 Jun earlier this year which saw its share price rocketed 42% till date. The move was due to the group facing a challenging furniture industry in China, with the decrease in the number of sales orders as well as the increase in operating costs. This was despite the management's lack of expertise in the gold mining industry.