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Article: Secured Digital Applications, Inc. to Acquire Majority Ownership in MacAsia Sdn Bhd.
- Article from:
- Business Wire
- Article date:
- November 30, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Secured Digital Applications, Inc. (OTCBB:SDGL) www.digitalapps.net today announced that it has signed a Letter of Intent to acquire a 51% ownership interest in MacAsia Sdn Bhd (www.macasia.com.my), one of only two Apple Professional Video Resellers in Malaysia.
The acquisition is expected to close by the end of December 2004. Secured Digital will pay US$650,000 for a 51% equity interest in MacAsia. The purchase will be funded by a combination of internally generated funds and Secured Digital's common stock. The shares to be received by MacAsia's founders will be subject to Rule 144 of the Securities Act of 1933, as amended. Closing of the transaction ...
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