Friday, December 26, 2008

Why Gpacket is so aggressive lately?

Following are some related news to it:-
1. More than five foreign investors have expressed interest in taking up strategic
stakes in Green Packet Bhd;
2. The WiMAX in Penang ;
3. Proposed placement of 70.43 million new shares at 83 sen each;
4. It has proposed to subscribe for 1.05 million Islamic RCPS in its subsidiary
Packet One Networks ( Malaysia ) Sdn Bhd for RM200 million for working capital
purposes;
5. An IPO by Green Packet Bhd subsidiary Packet One Networks (M) Sdn Bhd (P1) is in
the cards;
6. Intel Capital, had invested RM50mil in Green Packet;
7. Green Packet Bhd will spend up to RM1bil for the development of WiMAX
infrastructure over the next four to five years.

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