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Velpic enters trading halt following third party interest to acquire its businesses

Published: 16:39 24 Jul 2018 AEST

ASX boards
Velpic has an investment in NowForce

Velpic Ltd (ASX:VPC) has been granted a trading halt by the ASX after receiving an unsolicited interest from third parties to acquire either the Velpic or the Dash Digital businesses.

Velpic has received this interest subsequent to the proposed sale of the Velpic business customer book to GO1 Pty Ltd, revealed on 13 July 2018.

READ: Velpic planning to dispose e-learning business for $2.4 million

The company’s board is currently working through the new interest received to resolve a transaction which would be in the best interests of shareholders.

However, there is no certainty that the new interest will result in an improved offer for the Velpic business, or an offer for Dash Digital.

The trading halt will remain in place until the release of an announcement regarding these matters.

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