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.
As part of the consolidation EXPU will own 100% of all rights to Pleasant Springs Farm including Land purchase rights, Business rights and bottling rights as per the agreement with Pleasant Springs Farm and APWC
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.
is organizing an emergency technical and support team from affiliate companies to assist restoration of machineries and equipment at SP and to maintain supply of products to SP customers during the recovery period.
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.
While SPFO has been one of the larger manufacturers of fiber optic cable in Shandong Province, APWC
believes that an oversupply of fiber-optic cable products limits the opportunities for sustained development of what is a non-core product line for the Company.
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.
In the event that PEWC fails to pay the settlement amount to Set Top by August 30, 2004 (subject to extension), under the settlement agreement the ownership of 10,074,102 shares of APWC
will pass to Set Top.
expects the NASDAQ listing to increase its exposure to institutions and funds, as well as improve its general visibility to all categories of investors.