The Company was incorporated on 6 September 1988 and was admitted to the Official List of the ASX on 11 January 2005 (ASX Code: CRV).
Core was previously an electronic data and transaction services company which operated Connxion Rewards Limited based in Hong Kong.
The Company intends to actively review new transactions that may or may not be in the same sector as its existing operations with the overriding objective of creating shareholder value.
The Board members have a broad range of experience, skills and networks within the construction and resources sectors which it now intends to utilise in reviewing future transaction opportunities.
As further set out in Core’s ASX announcement dated 19 September 2012, the Board believes the Australian resources sector and specifically the oil and gas sectors continue to provide key opportunities for growth over the longer term.
Accordingly, Core’s Australian operations have now been focusing on potential acquisitions and partnerships with contracting, engineering and technology providers that have either demonstrated strategic positioning within the target sectors or are highly synergistic to Core’s future sole source oil and gas project delivery strategy.