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                    [Title] => Cashrounds to raise P1.25B for Next Mobile expansion
                    [Summary] => Publicly listed Cashrounds will be raising at least P1.25 billion ($25 million) by the second half of this year primarily to finance the expansion of its wireless subsidiary Next Mobile Inc. (NMI).


Cashrounds earlier entered into a memorandum of agreement with the five controlling shareholders of NMI to swap shares that would result in NMI shareholders gaining control of Cashrounds to the extent of 99 percent and the latter in turn owning 97 percent of NMI. The parties agreed on a closing date of July 31, 2006. 


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AMALGAMATED INVESTMENTS

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                    [ArticleID] => 335556
                    [Title] => Cashrounds to raise P1.25B for Next Mobile expansion
                    [Summary] => Publicly listed Cashrounds will be raising at least P1.25 billion ($25 million) by the second half of this year primarily to finance the expansion of its wireless subsidiary Next Mobile Inc. (NMI).


Cashrounds earlier entered into a memorandum of agreement with the five controlling shareholders of NMI to swap shares that would result in NMI shareholders gaining control of Cashrounds to the extent of 99 percent and the latter in turn owning 97 percent of NMI. The parties agreed on a closing date of July 31, 2006. 


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abtest

Cashrounds to raise P1.25B for Next Mobile expansion

May 8, 2006 - 12:00am

Publicly listed Cashrounds will be raising at least P1.25 billion ($25 million) by the second half of this year primarily to finance the expansion of its wireless subsidiary Next Mobile Inc. (NMI). Cashrounds earlier...

Business