Nov 25 (Reuters) - Connected IO Ltd (CIO) :
- COMPLETED ITS STRATEGIC REVIEW (REVIEW) OF CONNECTED IO BUSINESS
- REVIEW IDENTIFIED SOUTHEAST ASIA & AUSTRALASIA AS A NEW FOCUS MARKET AND HAS COMMENCED INVESTIGATING PARTNERING ARRANGEMENTS
- REVIEW DETERMINED IT IS APPROPRIATE FOR CO TO RE-STRUCTURE US BUSINESS BY DIVESTING ITS UNIT CIO TECHNOLOGY INC
- REMAINS OPEN TO NEW ACQUISITIONS THAT ARE COMPLIMENTARY TO EXISTING BUSINESS AND CAN BE APPROPRIATELY FUNDED
- WILL RETAIN EXCLUSIVE PERPETUAL GLOBAL LICENSE TO UTILISE EXISTING INTELLECTUAL PROPERTY OUTSIDE OF NORTH AMERICA
- SALE OF US UNIT, CIO TECHNOLOGY INC, TO COMPANY'S PREVIOUS MANAGING DIRECTOR
Nov 25 (Reuters) - Connected IO Ltd (CIO) : COMPLETED ITS...
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