Go Life: Complete erosion of asset base

Go Life International Ltd, soon to be Numeral Limited, has presented its unaudited financial results for the first six months of 2023.

The company said it has been facing tough times due to a complete erosion of its asset base, resulting in a write-off of all underlying investments worth $34,851,774 in 2020.

Despite these challenges, the company has completed its recapitalisation process and will finalise its regularisation in November 2023.

The appointment of a new Management Company is expected to help reopen its dormant bank account.

The company’s board underwent restructuring during the period, with new directors now appointed.

Source: Stock Exchange of Mauritius