Global to shift to Alternative Market

Global Consolidator, formerly Globalsoft which is under court order to freeze its transactions with its CEO has decided to shift out of the CSE’s Parallel Market to the Alternative Market following its Annual General Meeting of shareholders on Friday.

The AGM, which voted to allow the Board the power to sell 75% of its existing assets in order to diversify into real estate and other activities like leisure and entertainment, also voted in a provision allowing for reverse split of the shares and change of the name of the company to Global Consolidator Public Ltd.