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Telechoice disposes wholly-owned subsidiary for $30,000

Felicia Tan
Felicia Tan • 2 min read
Telechoice disposes wholly-owned subsidiary for $30,000
The sale and purchase of the shares in Nexwave are made on the basis that NexWave only has its voice business.
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Telechoice International (SGX:T41) has disposed of its wholly-owned subsidiary, Nexwave Telecoms, for $30,000.

The company, on May 31, entered into a sale and purchase agreement (SPA) with Netpluz Asia through the sale of 6.66 million ordinary shares, or 100% of the total issued shares in Nexwave Telecoms.

Nexwave Telecoms provides IDD international call services and internet protocol telephone services for both consumer and corporate accounts (voice business). It is also in the info-communications (ICT) business which includes the provision of contact centre and unified communications solutions.

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