Integrated Telecommunications Services
Key West Global Telecommunications Bhd Announces Proposed Acquisition, Private Placement And Change Of Name
Key West Global Telecommunications Bhd announced that the Company had on May 23, 2013 entered into a Share Sale Agreement with Testa Holdings Limited (Testa), Fox Empire Group Ltd, Hong Kong Hongsheng Investment Company Limited and Superb First Limited (collectively referred to as the Vendors) for the proposed acquisition of the entire issued and paid-up share capital of Supreme Global Group Limited (Proposed Acquisition). In conjunction with the Proposed Acquisition, Keywest is proposing to undertake the following proposals: proposed offer for sale of up to 200,000,000 Shares to selected investors by Testa (Proposed Offer for Sale); proposed private placement of 300,000,000 new Shares to selected investors upon completion of the Proposed Acquisition (Proposed Private Placement); proposed change of the Company’s name from Key West Global Telecommunications Berhad to XingHe Holdings Berhad (Proposed Change of Name) after completion of the Proposed Acquisition); proposed increase in the authorised share capital of Keywest from MYR50,000,000 comprising 500,000,000 ordinary shares of MYR0.10 each in the share capital of Keywest (Shares) to MYR500,000,000 comprising 5,000,000,000 Shares (Proposed Increase in the Authorised Share Capital).
Standard & Poor's Lowers Telecom Italia SpA's Long-Term Credit Rating-Reuters
Reuters reported that Telecom Italia SpA announced that the ratings agency Standard & Poor's lowered Telecom Italia's long-term credit rating to BBB- from BBB, with a stable outlook.
Intea Holdings Inc Announces Changes of Corporate Auditor
Intea Holdings Inc announced that it has appointed Fugen Audit Corporation to replace Wako Audit Corporation as corporate auditor of the Company, effective June 28, 2013.
Intea Holdings Inc Announces Changes of President
Intea Holdings Inc announced that it has appointed Mr. Takashi Otabe to replace Mr. Nobuhiko Fujimoto as President of the Company, effective June 28, 2013.
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