Friday, January 09, 2009

Second Chance For Kosmo?

Blogged yesterday: The Delisting Of Kosmo Technology

On today's Star Business
Kosmo Tech in share sale deal

  • KUALA LUMPUR: Kosmo Technology Industrial Bhd has signed a share sale agreement with Kosmo Resources Sdn Bhd to acquire the entire stakes in Sierra Citra Sdn Bhd and Seraya Reka Sdn Bhd for RM75mil.

    In a filing with Bursa Malaysia, Kosmo Technology said the acquisition would be satisfied via the issuance of a combination of new ordinary shares in Kosmo and zero coupon three-year irredeemable convertible unsecured loan stock.

    Kosmo Technology said the proposed acquisitions were in relation to the proposed regularisation plan to be undertaken by the company. – Bernama

A whole new lease of life for Kosmo???!!!!

And Kosmo is up 50% in active trade!!!!!

Sigh!

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