Esmart Holdings (5CY.SG) +33.3% at 2 cents on above-average volume as interest in otherwise thinly-traded stock piqued by potential turnaround in business fortunes via reverse takeover involving 2 of Atlan Holdings’ (7048.KU) Malaysia assets, says Dow Jones.
Posts Tagged ‘rto’
Esmart up 33.3% on new ops from Atlan RTO
June 29th, 2010 |
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Thinly-traded Esmart Holdings (5CY.SG) is trading up 33.3% at 0.02 cents on hopes proposed MYR670.6 million ($285.4 million) takeover of Atlan Holdings’ (7048.KU) DFZ Capital, Darul Metro businesses in Malaysia will breathe new life into money-losing Singapore-based company, says Dow Jones.
Esmart in $287.5m RTO of Malaysian duty-free goods trader Altan Holdings
June 28th, 2010 |
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Esmart Holdings says it will buy a 74.71% controlling stake in DFZ Capital Bhd and the entire equity interest of Darul Metro Sdn Bhd from Altan Holdings Bhd in a reverse takeover offer (RTO).
Under the RTO, Esmart will buy 156.86 million shares of DFZ at RM470.59 million ($201.7 million), equivalent to about RM3 a share. It will pay also pay RM200 million for the 1 million shares of Darul Metro.
VMware Acquires VDI Software Maker RTO
February 24th, 2010 |
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The RTO team of 12 employees will be incorporated immediately into VMware and become part of the company’s desktop business unit. VMware and RTO had been in a partnership since last fall, when VMware announced at VMworld that it would integrate RTO’s Virtual Profiles management tool into its VMware View platform.
– VMware, which continues to expand its market reach outside of the server
virtualization sector that it currently dominates, said in a blog
post on its Website Feb. 23 that it has acquired software management
toolmaker RTO Software.
Financial details were not disclosed.
The RTO team of 12 e…