News

Increase Of Paid-Up Capital: N-Wave Telecoms (Malaysia) Sdn. Bhd.

Telechoice International Limited ('TeleChoice") wishes to advise that its indirect, wholly-owned subsidiary N-Wave Telecoms (Malaysia) Sdn. Bhd. ("NWM") has increased its paid-up capital from RM2 to RM502,000 on 9 Aug 2006, through the issue of 500,000 NWM shares, for a total consideration of RM500,000, to NexWave Telecoms Pte. Ltd. ("NexWave Telecoms"). NexWave Telecoms is a direct, wholly-owned subsidiary of TeleChoice.

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