Aussino

Aussino: Company announced dismay FY12 results, but market has already expected a loss making core bedlinen business. All operating expenses at the Company front has substantially decreased through the Company's cost cutting and closing down of stores. On the RTO on the Company by Max Strategic Investments (Zaw Zaw), entered back on 25 Jul 2012, Company stated that the exercise is in progress and shareholders will be updated on the proposed acquisition at the appropriate time. If upon success of an RTO, Aussino will be transformed into an established downstream operator in Myanmar's budding O&G sector.