The move is designed to increase the company's cash flow and the float of the companyand give a chance for institutional investors to invest by creating more shares, according to Daniel Mckinney, chief executive officer.
"We want to reward our loyal shareholders in API by increasing their stock-holdings in our company," Mckinney says.
The Board will meet to consider its decision on Sept. 16. Asia Pacific Properties recently signed a letter of intent to purchase a leading CRM software supplier, Entellium. Entellium Investments, Ltd. is the majority owner of the Intellium Group, which includes Entellium Holdings, Ltd. an applications service provider with offices in Malaysia, Singapore and Thailand. Entellium Investments has assets in excess of $20 million dollars US. Entellium Holdings provides CRM solutions based upon Microsoft.Net web services platform.
Asia Properties is a OTC listed public company specializing in Asian real estate and other opportunistic opportunities.
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