Mission Capital PLC (LON:MCAP) said it is currently in preliminary discussions relating to an acquisition which would constitute a reverse takeover under AIM rules.
The currently targeted timescale envisages completion by 3 February 2011. A further announcement on this will be made in due course.
The directors have also evaluated a number of other potential investment opportunities, but none has been suitable to be submitted to shareholders for approval, it added.
Mission Capital is an acquisitive vehicle focusing on assets and businesses related to, or connected with, property. The company was incorporated in the UK in August 2005 and listed on AIM in December the same year.
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