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General

TeleChoice's NxGen to acquire 25.19% stake in MVI

Monday 16 May 2016 | 15:25 CET | News
Singaporean provider of services to the telecommunications industry Telechoice International's subsidiary NxGen Communications has signed a share subscription agreement with MVI Systems and its shareholders, Anke Gill, Sin Tak Fai Karl, Au-Yeung Lo Chu Chris and Yeung Ying For Maurice. NxGen has agreed to acquire a 25.19 percent stake in MVI on a fully diluted basis. The aggregate subscription price for the 25.19 percent stake in MVI is HKD 11.6 million. The completion of the transaction has taken place on 16 May, TeleChoice said. Following completion of the transaction, MVI has become an

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Categories: General
Companies: Telechoice
Countries: Singapore
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