Article: Hanny Holdings Ltd. to Invest CDN $4.7 Million in Common Shares of Subsidiary of Multiactive Software.

VANCOUVER, British Columbia, Feb. 16 /PRNewswire/ --

Multiactive Software Inc. (Toronto: E), a leading provider of e-business front office solutions, announced today that a subsidiary of Hanny Holdings Ltd. has committed to invest CDN $4.7 million in Multiactive's Asia Pacific subsidiary, Multiactive Pacific, for 9.1 percent of the shares of Multiactive Pacific. Multiactive Pacific is to be formed under the law of Bermuda and headquartered in Hong Kong. Multiactive Software recently announced that it is acquiring 70 percent of ABC Data & Telecom Ltd. though its subsidiary, Multiactive Pacific.

Hanny Holdings is a public company operating from Hong Kong. ...

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