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Article: PacificNet Announces Joint Venture Agreement With International Elite Limited, Enters Value-Added Telecom and CRM Service Market in Greater China.
- Article from:
- PR Newswire
- Article date:
- December 22, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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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PacificNet Inc. announced that it has signed an agreement to establish an equity joint venture company with International Elite Limited, a leading provider of value-added telecom services in Greater China.
Key terms of the joint venture agreement:
* Name of the joint venture company: "PacificNet Communications Limited
- Macao Commercial Offshore", to be registered in the Macao Special
Administrative Region (SAR) of China.
* PacificNet will own 50.1% of the joint venture while the five
shareholders of International Elite Limited will own 49.9%.
* International Elite Limited will contribute a number of telecom
business ...