PDSnet Glossary

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Name	synonyms = 1, variations = 2, abbreviations = 3

Publish: (0 = no, 1 = yes)

Definition

A listed JSE company that comes to the JSE with just cash and management with the direct intention of making acquisitions within a specified time frame. The JSE requires that those acquisitions be made within two years. In the case of Afenergy (AEY), the JSE sent the company notice in terms of section 4,37 of the Listings Requirements to wind the company up and return what remained of the capital to the shareholders because they had been unable to make a suitable acquisition.

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