Amala Foods PLC - cash shell - Says planned reverse takeover of Dialysis Care Plus Inc, as announced in early November, is progressing, adding that some regulatory consents are still outstanding. Says there can be no guarantee that the proposed reverse takeover will be concluded. The company says it is ‘confident’ that the takeover will be concluded before the end of the first quarter of 2024.

Current stock price: 0.11 pence, up 50%

12-month change: up from 0.0043p on April 6, 2023

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