• allan said: hi .. svilena hristova i had cheated by a chinese company in senzhen. i...
• Svilena Hristova said: Hi, i live in China and i will try to help you. Send me email...
• Jhummun S said: I made payment a huge sum for an order on 13/12/2011 by credit card...
• steve said: can i use roaming service in Yangon, Myanmar using this china sin card ?
• norm said: I would like to know that also. Feb. 2006 I aquired shares.
• baove said: Is it just me or does it seem that Vietnamese are strong supporters of...
• Clifford Mensch said: I would like to offer property for sale to investors, 60 acres...
• Clem said: 100,000 employees, 200,000 iphones produced daily. I wonder what kind of...
• Trizt said: I really hope they do pay the workes for all the extra hours they will...
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Yangtze Telecom Announces Possible Private Placement
August 28, 2005 |
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Comments | Category: Telecom & Wireless
Yangtze Telecom is negotiating a non-brokered private placement totaling up to 15 million shares at $0.18 per share with accredited investors.
The placement was initiated by Kevin He, a director of Yangtze, who oversees the various businesses of Yangtze's 65% owned subsidiary, China United Telecom Technology Company Limited (UTT).
He indicates that he has received commitments totaling $1.8 million to date. The gross proceeds of up to $2.7 million from the placement are to be used to increase Yangtze's ownership of UTT wherein such investment will be used to further develop the businesses of UTT, particularly the Credit Management Services business and Distance Learning.
Terms of the financing were settled recently after several weeks of discussion. This financing is subject to regulatory approval. The securities to be issued will be subject to a minimum four month hold period from the date of closing.
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