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Shefa Gems to distribute mining assets via dividend, become cash shell
StockMarketWire.com
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Israel-focused gem miner Shefa Gems said it had agreed with investors to distribute its current mining business to shareholders by way of a dividend and would become a cash shell.
Shefa Gems said that as a cash shell, it would seek to make an acquisition in the web technology and software space.
The agreement also involved a share consolidation, fund raising, board changes and a change in the company's name to Alef Bet Advanced Technologies.
At 8:56am: (LON:SEFA) Shefa Yamim Ltd share price was 0p at 2.4p
Story provided by StockMarketWire.com
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