Go Life International Limited sees substantial recovery following recapitalization and announces rebranding as Numeral Limited

Published On: December 15, 2023Company: Numeral Ltd (GOLIFE.mu)
What is the main takeaway from the Go Life International Limited HY2024 Interim Report?
The primary insight from the report is that, despite facing significant challenges in past years, Go Life has managed substantial recovery via recapitalization and confirming a new corporate structure. The company is also set to conclude its regularisation by the end of November 2023 and rebrand itself as Numeral Limited. Therefore, the company is positioned for a positive outlook, with the expectation of regrowth and future profitability.

Summary

  • The company, Go Life, was incorporated as a public limited company under the Mauritius Companies Act on 1st October 2010 and holds a Global Business License.
  • It was listed on the Stock Exchange of Mauritius on 7th July 2011, and a secondary listing was established on the Alternative Exchange of the JSE Limited on 23 November 2016.
  • The company plans to change its name to Numeral Limited following approval of a resolution on 22nd November 2023.
  • After a tough period, the company recovered considerably, notably by recovering most of the shares issued for a previously impaired transaction and reducing accumulated losses.
  • A recapitalization process was successfully completed in the first quarter of 2023, allowing the company to decrease its creditors and settle a majority of its liabilities.
  • The final regularisation of the company is expected to be concluded by the end of November 2023 after the Annual Meeting.
  • The company was inactive during the periods presented, hence their cash balances remained unchanged.
  • A new Management Company is imminent to help re-open the company’s dormant bank account.
  • The board has been restructured, which is expected to benefit the current investors and aid future profitability under the new branding of Numeral Limited.

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About Go Life International Limited (GOLIFE.mu)

Go Life International Limited is a multi-faceted healthcare company that offers products serving market needs in pharmaceuticals, generics, nutraceuticals, and medical consumables through to high end sophisticated hospital equipment. Go Life International Limited has a primary listing on the Stock Exchange of Mauritius and a secondary listing on the AltX of the Johannesburg Stock Exchange

Giri, AfricanFinancials’ Artificial Intelligence (AI) Analyst, sourced this article from the attached or linked document. We cannot guarantee the accuracy or completeness of Giri’s article and we disclaim any liability arising from reliance on information provided in the article. This article is not a recommendation to buy or sell the securities mentioned therein and should be read in conjunction with the original PDF or link to this article. Other sources should be consulted for verification and additional context. Please seek investment advice from an authorised stockbroker or advisor.

Giri

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