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                    [ArticleID] => 302712
                    [Title] => Malaysian firm to set up unit for online gaming ventures in RP
                    [Summary] => IPVG Corp., controlled by Malaysian firm MBF Asia Capital Corp., will set up a wholly-owned unit, IP E-Game Ventures Inc., that will undertake the on-line games business of its parent firm.


In a disclosure to the Philippine Stock Exchange, IPVG said the new company will have an initial authorized capital of P50 million, P12.5 million of which will be subscribed by IPVG.


The move is in line with the online gaming distribution agreement entered into between IPVG and Terra ICT Sdn. Bhd, an online games operator and game publisher based in Malaysia.


                    [DatePublished] => 2005-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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ASIA CAPITAL CORP

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                    [ArticleID] => 302712
                    [Title] => Malaysian firm to set up unit for online gaming ventures in RP
                    [Summary] => IPVG Corp., controlled by Malaysian firm MBF Asia Capital Corp., will set up a wholly-owned unit, IP E-Game Ventures Inc., that will undertake the on-line games business of its parent firm.


In a disclosure to the Philippine Stock Exchange, IPVG said the new company will have an initial authorized capital of P50 million, P12.5 million of which will be subscribed by IPVG.


The move is in line with the online gaming distribution agreement entered into between IPVG and Terra ICT Sdn. Bhd, an online games operator and game publisher based in Malaysia.


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abtest

Malaysian firm to set up unit for online gaming ventures in RP

By Zinnia B. Dela Peña | October 20, 2005 - 12:00am

IPVG Corp., controlled by Malaysian firm MBF Asia Capital Corp., will set up a wholly-owned unit, IP E-Game Ventures Inc., that will undertake the on-line games business of its parent firm. In a disclosure to the...

Business