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EasyCall sells BPO stake for P45 M
The Philippine Star
|December 17, 2024
Tech provider EasyCall Communications Philippines Inc. has disposed of its minority stake in a business process outsourcing (BPO) to raise P45 million for its future expansion.
In a disclosure to the Philippine Stock Exchange, EasyCall said it sold all its shares in ePerformax International Inc. to affiliate company TDG Ventures Inc. (TVI) in line with its expansion strategy.
EasyCall said it has signed a share sale agreement with TVI for the sale of its 3.8 percent stake in ePerformax, earning P44.93 million from the transaction.
For EasyCall, it was an easy call to dispose of its shares in ePerformax, particularly as the selling price is more than double the acquisition price of P19.2 million.
Further, EasyCall is rearranging its business structure in preparation for expansion plans in 2025.
Denne historien er fra December 17, 2024-utgaven av The Philippine Star.
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