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In tandem with its Q4 report, Cogo Group (COGO) announces chairman and CEO Jeffrey Kang has...

In tandem with its Q4 report, Cogo Group (COGO) announces chairman and CEO Jeffrey Kang has proposed to acquire roughly 30% of the company's "total assets, liabilities, and revenue" for a price of $60M-$82M. Kang would continue to serve as chairman and CEO following the deal's closing. Cogo, which closed trading with a market cap of just $66.4M, is up 74.2% AH.
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