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SINGAPORE : Wireless technology company VoIUM Technologies has announced an agreement to buy a 30 percent stake in Global Network Unlimited, a two-year-old software development and e-commerce firm valued at $3.3 million.
The acquisition is in view of "a possible listing in a regional bourse," a VoIUM statement said.
"Global is seen as a key component within its arsenal of weapons to launch itself more aggressively into the Asian market especially Greater China and beyond," VoIUM managing director Benjamin Ng said in the statement."With its wireless services taking off with partners like Singapore Telecoms and Standard & Poor's, Global can help propel VoIUM into the region in a most synergistic way."
VoIUM is a subsidiary of Nasdaq-listed Integrated Performance Systems of the US. – CNA
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