letter of intent

SINGAPORE (Nov 5): Procurri Corporation, which trades used IT equipment, has received an unsolicited, nonbinding Letter of Intent from a third party to acquire some of the assets of its business.

SINGAPORE (Nov 25): Yuuzoo Corporation has agreed to make a minimum equity investment of US$15 million ($21.5 million) in Relativity, the US-based movie studio, with an option of investing an additional US$135 million.