CCM

CCM: Group announced the termination of their MOU with Canasea Oil and Gas, for the RTO as previously announced on 14 Dec 2012. Group previously announced their RTO on 14 Dec, seeing their share price increase from $0.105 to $0.125; its current price of $0.091, trades at 1.3x P/B, and FY12 losses of $0.02/ share. CCM Group Ltd. offers construction services. The Company builds, alters, refurbishes, repairs and redocorates residential and commercial buildings. CCM also leases and installs gondolas and mast climbing work platforms for construction companies, property developers, and the marine and oil-rig industry. As at 31 December 2012, the Group’s order book stood at approximately $208.9m.