Source - Alliance News

Amala Foods PLC - cash shell - Further to announcement of April 19, says the company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology. Points out it has sufficient funding to undertake a reverse takeover.

Current stock price: 0.17 pence, up 13% in London on Tuesday

12-month change: down 68%

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