News

Increase In Issued And Paid-Up Capital: Planet Telecoms (S) Pte Ltd

TeleChoice International Limited ("TeleChoice") wishes to announce that its subsidiary Planet Telecoms (S) Pte Ltd ("Planet") increased its issued and paid-up capital from S$500,000 to S$1,000,000 on 30 Nov 2006, through an issue of 500,000 shares (each, a "Planet Share"), for a total consideration of S$500,000, to TeleChoice.

TeleChoice, which held 350,000 Planet Shares (representing 70% of Planet's then issued and paid-up capital) before the increase, now holds 850,000 Planet Shares (representing 85% of Planet's current issued and paid-up capital).

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