Business News • MarketWire • Alternet Systems Announces Shareholder Approval of $5.5 Million Asset Sale of Utiba Americas |
Alternet Systems Announces Shareholder Approval of $5.5 Million Asset Sale of Utiba Americas |
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Alternet Systems Announces Shareholder Approval of $5.5 Million Asset Sale of Utiba Americas
MIAMI, FL--(Marketwired - Feb 25, 2014) - Alternet Systems, Inc. (OTCQB: ALYI) ("Alternet" or the "Company"), an accelerator of high growth opportunities in Digital Currency and Mobile Commerce services, today announced shareholder approval of an asset sale of its mobile financial services subsidiary. Pursuant to the Notice of Special Meeting of Shareholders and Definitive Proxy Statement dated January 21, 2014, the Special Meeting of Shareholders was held on February 21, 2014 whereby the shareholders approved the proposed transaction of the mobile payments business and assets of the Company's 51% owned subsidiary. It was sold to Utiba Pte, Ltd. for the aggregate consideration to be paid in the amount up to $5,500,000.
View More : http://www.marketwired.com/mw/release.do?id=1882613&sourceType=3
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