Aussino

Aussino - The grp today officially terminated the proposed reverse-takeover offer by Max Strategic Investments (the energy business of Max Myanmar group, owned by Myanmar’s tycoon U Zaw Zaw). The group also informed shareholders that it is actively seeking other potential investments and proposals to enhance its financial position and is requesting a time extension to meet the minimum listing criteria in order to be removed from SGX Watch-List by 6 Sep 13, failing which the company will be de-listed.