Possible reverse takeover of CWorks soon


On target: An artist’s impression of the KP Orion Tower. CWorks is a part of a closed-door bid to secure a software contract for the project in Kuantan.

KUALA LUMPUR: Information system developer CWorks Systems Bhd could be the target of a reverse takeover (RTO) by the Orion group in the near future.

On Jan 27, 2016, CWorks announced that it was proposing to change its name to Orion IXL Bhd, indicating the possibility of the entrance of a new shareholder.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Selling pressure amid Mideast and polls anxiety
Low volatility a remedy for the extremes?
Maximising your unit trust returns
Dishing up consumer success

Others Also Read