This printed article is located at http://telechoice.listedcompany.com/news.rev
TeleChoice International Limited ("TeleChoice") wishes to announce that its subsidiary, TeleChoice (Indonesia) Pte Ltd ("TIPL") has acquired 255,000 new shares of nominal value Rp10,000 each in its joint venture company, PT Sakalaguna Semesta ("PTSG"), for a total consideration of Rp 2.55 B (Rp10,000 per PTSG share).
Prior to this transaction, TIPL held 255,000 PTSG shares, representing 51% of PTSG's isssued and paid-up share capital.
TIPL currently holds 510,000 PTSG shares, representing 51% of PTSG's issued and paid-up capital. The remaining 490,000 PTSG shares, representing 49% of PTSG's issued and paid-up share capital are held by PT Elang Mahkota Teknologi.
The transaction is not material in the context of TeleChoice's overall operations.