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BRIEF-Pixie Group updates on Tonino Lamborghini Clubs and equity interest acquisition

Published 28/03/2017, 05:43 pm
© Reuters.  BRIEF-Pixie Group updates on Tonino Lamborghini Clubs and equity interest acquisition
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March 28 (Reuters) - Pixie Group Ltd PEG.AX

* Announces termination of planned openings of Tonino Lamborghini Clubs across Asia Pacific

* Pixie's decision to shelve this collaborative venture came after Pixie failed to raise required cash to fund project

* Termination of proposed acquisition of majority equity interest in Pixie Group Hong Kong Limited (pixie hk), in a collaborative venture

* Decision to shelve this collaborative venture came after pixie failed to raise required cash to fund project

* Process of evaluating assets and businesses that could potentially be brought into as part of co to establish more sustainable source of income Source text for Eikon: ID:nASX9jjkLw Further company coverage: PEG.AX

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