Tomizone nixes plans to acquire Social Light, will enter tech purchase agreement

Sun, 13 Aug 2017

By Rebecca Howard Aug. 14 (BusinessDesk) - Auckland-based wi-fi service provider Tomizone has nixed plans to buy Philippine-based Social Light and will look to enter a technology purchase arrangement, it said in a release to the Australian stock exchange, where its stock is listed. Late last year, Tomizone announced plans to acquire 100 percent of the issued capital in Social Light through the issue of up to 24,500,300 ordinary shares at a notional issue price of 13.27 Australian cents per Tomizone. In February, it said the two companies...

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