CGR 0.00% 7.0¢ cgn resources limited

News: CGR CML Group updates on trading and announces new acquisition

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    Feb 11 (Reuters) - CML Group Ltd (CGR) :

    • Trading update & new acquisition (CGR)
    • Growth momentum is expected to continue into 2017
    • Says growth in the first half is expected to continue in second half of 2016
    • Acquisition of cashflow advantage pty ltd will add approximately $10.0M to the existing finance division loan book
    • Says entered into a binding heads of agreement
    • Agreement to purchase 100% of the shares in cashflow advantage pty ltd for approximately $3M in cash
                        
 
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