Later in the evening, Jackie Lacey was presented an award by APWC
provides multi-cultural and multi-lingual support for families of all races and backgrounds who are survivors of domestic violence.
announced also today that certain members of management at one of the Company's subsidiaries in China, Ningbo Pacific Cable Company Limited, have been terminated based upon the results of an internal investigation and the report of an independent investigator regarding financial misconduct at the subsidiary.
In additional to its continuing supply and services agreements with PEWC, APWC
will further benefit through closer collaboration with PEWC in terms of technological and manufacturing know-how.
Yuan also announced that APWC
executives will visit New York during the first quarter of this year to meet with investors and provide current information on the Company.
Under the terms of that transaction, AMC was given the right to nominate three AMC directors to the APWC
Not only will AMC provide stability to our shareholder base, but the transaction also means that APWC
will continue to benefit from the supply and services agreement the Company has with PEWC.
Pursuant to the settlement agreement, APWC
, PEWC and Set Top have agreed to withdraw and dismiss all claims in all litigation proceedings against each other, including the actions in New York, Singapore and Bermuda, and Set Top has agreed to withdraw all of its claims in the PUSA bankruptcy proceedings.
The five new directors join five incumbent APWC
directors whose election to the board was also reaffirmed by shareholder vote at yesterday's meeting.
Pledges Shares in APWC
General Holdings Limited to PEWC
PEWC"), have succeeded in obtaining a temporary restraining order ("TRO") in United States District Court for the Southern District of New York blocking a transfer of certain shares representing a controlling interest in APWC
to Set Top International Inc.
Foundation Software joins APWC
to promote training on the Federal