Investor
Relations
TeleChoice International Limited ("TeleChoice") wishes to advise that its wholly-owned subsidiary, NexWave Technologies Pte Ltd ("NWT") has increased its paid-up capital from S$3,000,000 to S$5,000,000 on 10 Apr 2006, through the issue of 2,000,000 NWT shares, for a total consideration of S$2,000,000, to TeleChoice.
The transaction is in consonance with NWT's operating and capital requirements, and is not material in the context of TeleChoice's overall operations.