AUSGROUP JUST ANNOUNCED GIANT LEAP TOWARDS ASX LISTING

Key step in AusGroup’s ASX Listing

AusGroup enters conditional Sale and Purchase Agreement


Leading Australian construction service provider to the resources, energy and industrial sectors, AusGroup Limited, has entered into a conditional Sale and Purchase Agreement (SPA) under which the Company has agreed to purchase 100% of the share capital in Kebun Sedenak Sdn Bhd and 100% of the share capital in Tropik Sentosa Sdn Bhd (collectively the Target Holding Companies).


The signing of the SPA is a key step in the proposed demerger of AusGroup’s subsidiaries into a 100%-owned subsidiary, which is intended to be listed on the Australian Securities Exchange (ASX), and a proposed Reverse Take Over of AusGroup Limited involving the acquisition of the Target Holding Companies

Laurie Barlow, Chief Executive Officer and Managing Director of AusGroup said “By entering into the sale and purchase agreement, we have taken an important step in achieving our objective of being listed on the ASX. We are confident that by pursuing the ASX listing we will be well-placed to ultimately deliver greater value for all shareholders.”

news just leaked out after market closed at 7pm

tomorrow ausgroup could gap up very very strongly to retest it's recent price of 60cents maybe ....

If only .... I had...grabbed the shares at 43.5 cents today.

i think any price tomorrow is a good price to grab

last bullrun peak few years ago , ausgroup traded above S$2.00