Infinio: Reverse take-over of Ephraim for $381.8m and co proposes 10 to 1 consolidation before to meet listing requirements. The consideration will be paid by new issue of 1.9b consolidated shares which will result in 93.1% of the enlarged share capital being held by the vendors...
Ephraim is in the business of nipah palm cultivation and converting the sap of the tree to sugar and ethanol. Ephraim made a loss of $168.6k but has a NAV of $254.5m as of yr end FY2010
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