Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: Maika who wrote (582)	7/23/2001 1:23:56 AM
From: ms.smartest.person	Respond to of 615

E2-Capital & SBI E2 enters agt to share office 2001-07-18 11:17 (Infocast News) Softbank Investment International (Strategic) Limited (0648) (SIIS) announced that SBI E2-Capital Limited (SBI E2), a subsidiary of SIIS, and E2 - Capital (Holdings) Limited (0378) (E2 - Capital) entered into agreements pursuant to which E2-Capital provides back office support services to, and share certain office space in Henley Building with, the SBI E2 group. E2 - Capital agreed to rent the office area of 8,224 sq ft to SBI E2 for monthly payments. The initial monthly payment due by SBI E2 to E2 - Capital is $231,600. The agreement takes retrospective effect from 1 July, 2001. SBI E2 further agrees to reimburse E2-Capital for the service fees in connection with the back office support services provided by E2-Capital for the three-month period between 1 April, 2001 and 30 June, 2001. The service fees for the three-month period ended 30 June, 2001 is approximately $3.4 million. The monthly fees, management fee, utilities charges and rates for the three-month period ended 30 June, 2001 are to be calculated in the same manner as described above and is approximately $890,000. SBI E2 is held by SIIS and E2 - Capital by 51% and 49% respectively. infocastfn.com Barb, Whatever this cohabiting agreement means??? Maybe we need to find out exactly WHO E2-Capital is and WHAT they do. This obviously did not do anything for SBISF share price. It closed on Friday at 6 cents. Merry Merry

To: Maika who wrote (582)	7/23/2001 1:35:11 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 615

[Another take]Hong Kong's Siis LTD & E2 Capital Enter Office Support Agreements Thursday July 19, 7:09 PM HONG KONG, July 19 Asia Pulse - SBI E2, a subsidiary of Softbank Investment International (Strategic) Limited [SIIS] (SEHK:0648), and E2-Capital have entered into a back office support agreement and an office space sharing agreement. E2-Capital will provide back office support services to, and share certain office space in the Henley Building with the SBI E2 Group. E2-Capital is an indirect holder of 49 per cent in SBI E2, SIIS said in a press statement. Accordingly, E2-Capital is a substantial shareholder of SBI E2 and a connected person of SIIS. The entering into of the back office support agreement and the office space sharing agreement by SBI E2 therefore constitute connected transactions for SIIS. Because the connected transactions are expected to occur on a regular and continuous basis in the ordinary and usual course of business of the SIIS Group, SIIS has made an application to the Stock Exchange in respect of the connected transactions from compliance with the annual disclosure requirement under Rule 14.25 of the Listing Rules. The board of directors (including an independent non-executive director) of SIIS are of the view that the terms of the agreeements are fair and reasonable, on normal commercial terms and in the commercial interest of the SIIS Group. ASIA PULSE -------------------------------------------------------------------------------- Copyright © 2001 AsiaPulse Pte. Ltd. All rights reserved. Retransmission,dissemination or publication is expressly forbidden. Asia Pulse gives no warranty or guarantee as to the accuracy of the information and shall not be liable for errors, omissions, or delays or interruptions in the service. Copyright © 2001 Yahoo! Inc. All Rights Reserved. sg.biz.yahoo.com