EIS to raise USD1.29 million through share sale

10 Jun 2003

Vietnamese telecoms operator Electronics and Information Systems (EIS) hopes to raise upwards of USD1.29 million by selling 50,000 reserve shares to finance its expansion in Singapore. The Ho Chi Minh-based company offers voice-over-IP services and plans to use the monies raised to expand its Singapore subsidiary One Connection Pte, which launched services recently.