"Coote Industrial announced to Australian Securities Exchange on June 17th the appointment of BurnVoir Corporate Finance to assist with sale of subsidiary South Spur Logistics. Recently South Spur Rail Services was merged with Coote Logistics [formerly Asset Kinetics and FCD Container logistics] to form South Spur Logistics a rail, road and port logistics company. This sale of South Spur Rail Services is only the business goodwill, accreditation and any haulage contracts held. The South Spur Rail Services fleet of locomotives and wagons is not included in this offering of the company for sale."
Any speculation on chances of above sale? it has been going on close to 3 months ,buyers do not seem to be breaking down doors.Maybe a longer time frame ?
CXG Price at posting:
32.8¢ Sentiment: Hold Disclosure: Held
