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Mlabs Systems says unit enters MOU with Xox Media Sdn

Friday, 18 Aug 2017 06:52am EDT

Aug 18 (Reuters) - Mlabs Systems Bhd :Unit enters memorandum of understanding with xox media sdn.MOU to enhance functions of voopee mobile application by sharing & incorporating mrl range of video conferencing and server technology.MOU is not expected to have any material effects on the consolidated net assets per share of the company.

Philippine Telegraph and Telephone announces retirement of Chairman & CEO Jose Luis Santiago

Thursday, 17 Aug 2017 09:27pm EDT

Aug 18 (Reuters) - Philippine Telegraph And Telephone Corp :Announces retirement of Jose Luis Santiago as chairman of the board/president & CEO.

China Unicom Hong Kong says HY profit attributable to equity shareholders of co RMB 2.42 bln

Wednesday, 16 Aug 2017 04:39am EDT

Aug 16 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>::Company's service revenue for HY reached RMB124.11 billion, up by 3.2 pct year-on-year.HY revenue RMB138.16 billion versus RMB 140.26 billion.HY profit attributable to equity shareholders of company increased by 68.9 pct year-on-year to RMB2.42 billion.Expects that its financial performance will face increasing pressure in second half of year.Market competition is expected to intensify cyclically in second half of year.Company will cease to charge mobile domestic long-distance and roaming fees from 1 September 2017.Believes it has ability to raise funds from short, medium and long-term perspectives and maintain reasonable financing costs.Has sufficient funds to meet its working capital requirements and debt obligations.A share company, intermediate holding company, is currently contemplating a mixed- ownership reform plan.A share company expects to raise funds by way of a combination of non-public offering to certain investors and other methods."Net proceeds raised by A share company from issuance referred to above is expected to be injected into our group".Has not entered into any agreement in connection with any proposed subscription of shares of company by a share company.


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