Announcements last week and this week from ASX, the Australian Securities Exchange, indicate that Clarity OSS Limited has suspended trading of shares, in anticipation of ‘negotiations with a potential purchaser’.
On May 14th , shares were suspended until the 19th. Yesterday, this suspension was extended until May 21st.
Clarity recently turned 20, which was cause to celebrate. Historically strong in APAC, Clarity has suffered from the lumpy nature of OSS deals, with their recent half-yearly report showing revenues had halved compared with the same period a year ago.
The ASX announcement candidly tells us that the original negotiations fell through but have been followed by discussions with ‘another entity’ to sell a subsidiary which operates as part of the Clarity business.
(Thanks to Passionate About OSS for this one.)