Immer top
informiert!
News
06.11.2007
EXair In Talks With E-Gal On "Significant Corporate Exercise"
EXair In Talks With E-Gal On "Significant Corporate Exercise"
KUALA LUMPUR - Nasdaq-listed eXair Communications Corp. (EXRM) Tuesday said it is in talks with Malaysian payphone services provider E-Gal Corp. on a "significant corporate exercise."
"But it would be premature to elaborate on the details at this point in time," said a senior eXair official who declined to be named.
The official didn't provide further details.
The Star newspaper Tuesday reported unnamed sources as saying that E-Gal could be listed on Nasdaq through a MYR280 million reverse takeover of eXair, a wireless mobile software maker.
EXair would issue new shares to the unlisted E-Gal Corp., which will end up with a 51% stake of eXair, the Star reported, adding that an announcement is expected around mid-November.
SOURCE: eXair communications corporation.
www.exaircommunications.com