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

|By:, SA News Editor

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.