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Telechoice International Ltd (TCIN.SI)

TCIN.SI on Stock Exchange of Singapore

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

TeleChoice International says unit NXGEN communications entered share subscription agreement
Monday, 16 May 2016 05:08am EDT 

Telechoice International Ltd : Investment in MVI Systems Limited) . NXGEN communications has on 16 may 2016 entered into a share subscription agreement with MVI Systems Limited . Says deal to acquire an approximately 25.19% stake in mvi on a fully diluted basis . Aggregate subscription price for the approximately 25.19% stake in MVI is HK$11.6 million . Says transaction is not expected to have any material effect on the EPS for current FY .  Full Article

Telechoice International Ltd proposed acquisition of 100 pct of Nxgen Communications Pte Ltd in two tranches
Wednesday, 15 Jul 2015 05:23am EDT 

Telechoice International Ltd:Says refers to the Company’s announcement of 10 Oct. 2011 and its further announcements on 13 Oct. 2011, 1 Nov. 2011 and 21 May 2012 relating to the abovementioned matter.Says the Tranche 2 Completion at the Adjusted Tranche 2 Consideration has taken place on 15 July in accordance with the terms and conditions of the SPA.Says Tranche 2 Completion, the Company’s shareholding in NxGen has been increased from 55 pct to 100 pct, and NxGen has become a wholly-owned subsidiary of the Company.Says Tranche 2 Consideration have been finalised and determined by the Independent Auditor, and the Actual Relevant NPAT has been determined to be S$4.87 mln.  Full Article

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