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!