News

Increase In Issued & Paid-Up Capital : TeleChoice (Indonesia) Pte Ltd

TeleChoice International Limited ("TeleChoice") wishes to advise that its subsidiary TeleChoice (Indonesia) Pte Ltd ("TIPL") increased its issued and paid-up capital from S$1,000,000 to S$1,900,000 on 15 Mar 2005, through an issue of 900,000 shares at par value S$1 (each, a "TIPL Share"), for a total consideration of S$900,000, to TeleChoice.

TeleChoice, which held 900,000 TIPL Shares (representing 90% of TIPL's then issued and paid-up capital) before the increase, now holds 1,800,000 TIPL Shares (representing 94.7% of TIPL's current issued and paid-up capital).

The increase is in consonance with TIPL's operating and capital requirements, and is not material in the context of TeleChoice's overall operations.