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Integrated Telecommunications Services

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Allied Electronics says Value Capital Partners to inject 400 mln rand in co

Tuesday, 6 Dec 2016 09:10am EST

Allied Electronics Corporation Ltd : Company intends to: - collapse control structure . Company intends to: introduce a new strategic partner who will invest 400 mln rand . Company intends to: reconstitute Altron's board of directors . Co and Value Capital Partners reached in-principle agreement in terms of which VCP will subscribe for shares in company . VCP will inject 400 mln rand of capital into company, through a cash subscription for shares . Altron, VCP procured in-principle support from Co's shareholders representing c.82 pct of A shares and 76 pct of N shares .Includes Dr Venter, who is fully supportive of proposed transaction.

Boomsense Technology to transfer assets to unit

Monday, 5 Dec 2016 10:35am EST

Boomsense Technology Co Ltd <300312.SZ> :Says co plans to transfer its mobile communication mini base station assets and staff to co's wholly owned communication system unit whose 70 percent will be sold.

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