Friday, January 29, 2016

Cogent says evaluating buyout offers

Logistics company, Cogent Holdings, is currently evaluating its businesses and operations in relation to offers to buy out the company.

But it says that there is "no certainty that any transaction will materialise" from that evaluation process.

Cogent acknowledges that it has "from time to time received indications of interest" relating to its businesses, following a report saying that the company's owners are seeking for a buyer.

The company says it will issue a further announcement if and when there are any material developments.

Cogent ended higher on Thursday at 40 cents, up 1.5 cents or 3.9%.

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