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Aspire Enters Into Agreement To Divest Subsidiary
Feb. 09, 2011 12:19PM PST
Battery Metals Investing
Aspire International Inc. (NASDAQ:APIT) announced that it has entered into a binding agreement to divest itself of its wholly-owned subsidiary, Perfisans Networks Corporation. The press release states: The terms of the agreement call for a group led by Perfisans’ founders, To-Hon Lam and Bok Wong, to acquire Aspire’s entire interest in Perfisans in exchange for […]
Aspire International Inc. (NASDAQ:APIT) announced that it has entered into a binding agreement to divest itself of its wholly-owned subsidiary, Perfisans Networks Corporation.
The press release states:
The terms of the agreement call for a group led by Perfisans’ founders, To-Hon Lam and Bok Wong, to acquire Aspire’s entire interest in Perfisans in exchange for a token cash payment and the assumption of $2,000,000 of Aspire debt.