FOOD CAMP INDUSTRIES AND MARKETING

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                    [ArticleID] => 359496
                    [Title] => Cashrounds changes name, hikes capital stock to P1.3B
                    [Summary] => 



The Securities and Exchange Commission (SEC) has approved the application of online business matchmaker and publicly-listed company Cashrounds Inc. to increase its authorized capital stock from P40 million to P1.3 billion as well as change its corporate name to Information Capital Technology Ventures Inc.


The increase in capitalization was sought to accommodate the need to issue new Cashrounds shares to the controlling shareholders of mobile phone company Next Mobile Inc. (NMI) in exchange for a 19 percent stake in the telecom company.


                    [DatePublished] => 2006-09-23 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
                    [SectionUrl] => business
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Cashrounds changes name, hikes capital stock to P1.3B

September 23, 2006 - 12:00am

The Securities and Exchange Commission (SEC) has approved the application of online business matchmaker and publicly-listed company Cashrounds Inc. to increase its authorized capital stock from P40 million...

Business