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Coro Energy PLC - Leeds, England-based energy company - Buys a rooftop solar portfolio from the shareholders of KIMY Trading and Service Joint Stock Co for $1.3 million. Says the portfolio in Vietnam totals 2.39 megawatts.
KIMY incurred a loss of about $195,000 during 2022 which includes ‘various cost of sales and administration expenditure which will not be inherited by Coro post-acquisition’, Coro adds. Consequently, the acquisition is expected to be both cash positive and profitable from completion.
Current stock price: 0.21 pence each, down 3.5% on Thursday afternoon in London
12-month change: down 42%
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