CORRECT: NZAX-listed Mykris sells assets to become cashed-up shell for back-door listing

Tue, 29 Sep 2015

(Fixes spelling of Vetilot in eighth paragraph) By Fiona Rotherham Sept. 29 (BusinessDesk) - Shareholders of Mykris Limited, the NZAX-listed, Malaysian managed internet services specialist, have approved what effectively amounts to a management buy-out of the assets that will leave the company as a cashed-up shell available for a back-door listing. At the annual meeting in Auckland today, shareholders voted in favour of selling the company’s two subsidiaries to its majority Malaysian shareholder, Mykris International Sdn. Bhd (MIB) for...

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