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TEE International Ltd completion of acquisition of the remaining 20 pct


Tuesday, 10 Jun 2014 06:05am EDT 

TEE International Ltd:Says that CMC Communications Sdn Bhd, joint venture company of the company has acquired the remaining 100,000 ordinary shares in the capital of CMC Communications (Singapore) Pte Ltd (CMCC).Representing 20 pct of the issued share capital of CMCC from Radiance Converged Solutions Sdn Bhd (RCS).Says for the purchase consideration comprising cash of S$400,000.Says purchaser has acquired remaining 20 pct of the voting rights representing 162,300 ordinary shares and 10.82 pct of the issued shares of CMC Communications (Thailand) Company Limited (CMCT) from Keppel Communications Pte Ltd (KCPL).Says for purchase consideration comprising cash of S$80,000. 

Company Quote

0.265
0.0050 +1.92%
19 Dec 2014