Aussino Grp

Aussino Grp: Eyes Myanmar Petrol business. Aussino Group is moving from pillows to petrol in a RTO. The linen firm is making a play for the petrol kiosk business in a $60m acquisition of Max Strategic Investments, a firm linked to a Myanmar conglomerate. Signed a MOU for an RTO deal with Max Strategic Invts. Max Strategic Invts intends to engage in the business of operating petrol kiosks. The consideration for acquiring Max Strategic is approx $60m which co will satisfy through issuing shares which will likely result in an 85% stake of co in the hands of co’s controlling sh/h Mr Anthony Lim (currently owns ~51%). Aussino has been placed on the Watch-list since Sep 2011.