Mercurius Capital Investment in primary talks on possible joint venture, disposal

MERCURIUS Capital Investment Limited on Tuesday said that it is in preliminary discussions with unrelated parties about a potential joint venture and a separate disposal transaction.

In its reply to the Singapore Exchange (SGX), which issued a trading query on Monday, the company said that it will make the relevant disclosures at the appropriate time, in compliance with Catalist rules.

"Shareholders should be advised that there is no assurance or certainty that conclusive transactions or agreements may materialise from the discussions, and are further advised to refrain from taking any action in respect of their shares in the company which may be prejudicial to their interests and to exercise caution when dealing in the shares of the company."

The stock was among the actives on Monday and closed up 1.2 Singapore cents at S$0.045, with more than 70 million shares traded.