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[ASIAEP] From OSK website


Note editor's comment. This is copied and psted from OSK188.com. Not my comment. I try to warn when its necessary; not just recommend buy oly. You must know when to avoid buying.


ASIAEP PAYS RM23.2M CASH FOR A NON-OPERATING COMPANY

ASIAEP reported Jul 23, 2007 that the Company had entered into Agreement to acquire 800,000 shares of RM1.00 par (80%) in GENERAL PERFECT sb from LIANG CHEE WAH and LIANG CHEE HOO for RM23.2m cash.
GENERAL PERFECT is currently dormant and its intended principal activities are eCommerce system research and development, eMarket deployment, online eCommerce, kiosk eCommerce, maintenance and service provider of software to operate payment kiosk system and vending machines to include electronic prepaid solutions, provision of mobile airtime, prepaid call vouchers, Internet Access, transportation and others.
The Vendors will provide an aggregate PAT Guarantee of RM25m from date of completion of the transaction till Feb 28, 2010.
EDITOR's NOTES
To many such deals without adequate disclosure.
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