Brief: CMC Infocomm updates on joint venture in the Philippines

Totm Technologies

27/07/2016 10:06

July 27 (Reuters) - CMC Infocomm Ltd  CMCI.SI : 
 * Proposed joint venture in the Philippines)  CMCI.SI  
 * Says CMC Communications Philippines) inc. entered into a shareholders agreement with Argosy Properties, Inc 
 * Parties shall form a joint venture co for designing, developing telecommunications equipment and systems in Philippines 
 * JVA is not expected to have any material impact on EPS or net tangible assets per share of group for financial year ending 31 May 2017 
 * JVCO shall have an initial issued share capital of php15 million 
 * Source text for Eikon  ID:nSNZ1fSJFf  
 
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