Corporate Cosmo Sdn. Bhd. acquired Eonmetall Petro-Chem (M) Sdn. Bhd. from Eonmetall Group Bhd (KLSE:EMETALL) for MYR 2 million in cash on January 14, 2013. Corporate Cosmo will acquire s shares of Eonmetall Petro. Upon the execution of the agreement, Corporate Cosmo shall pay MYR 2 and then pay 5 equal installments of MYR 0.4 million on five anniversaries of the transaction after the completion date. The transaction is not subject to the approval of the shareholders. The relevant authorities' approvals, if required, will be obtained in due course. The Board of Directors of Eonmetall Group is of the opinion, based on the rationale given, that the transaction is in the best and long term interests of Eonmetall Group.The transaction will not have any material impact on the earnings and gearing, on consolidated basis, of Eonmetall Group for the financial year ending December 31, 2013. It will also not have any effect on the share capital and substantial shareholders' stockholding of Eonmetall Group.

Corporate Cosmo Sdn. Bhd. completed the acquisition of Eonmetall Petro-Chem (M) Sdn. Bhd. from Eonmetall Group Bhd (KLSE:EMETALL) on January 14, 2013.