Monday, 24 October 2016

DECLOUT - CONTINUE TO ACCUMULATE FOR EGM $0.20(TARGET $0.28)

Declout is selling 72.09% stake in Acclivis to CITIC TELECOM(subsidiary of CITIC BANK CHINA). DeClout and other shareholders of Acclivis Technologies and Solutions are selling the cloud and managed services business firm for up to S$75 million. CEO Wong has repurchased 9million DECLOUT shares at $0.20 last week. We are continuing our bullish approach for DECLOUT with a end target for its at $0.28 once the deal get the approval in this week EGM.
 

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