BRIEF-Easycall Communications Philippines Says Approved Acquisition Of 1 Mln Shares Of Transnational E-Business Solutions

Dec 3 (Reuters) – Easycall Communications Philippines Inc ECP.PS:

• APPROVED ACQUISITION OF 1 MILLION SHARES OF TRANSNATIONAL E-BUSINESS SOLUTIONS, INC FOR 162.9 MILLION PESOS

• APPROVED TO OBTAIN BANK LOANS AND/OR SHAREHOLDER ADVANCES OF UP TO 200 MILLION PESOS TO FUND THE ACQUISITION

Source text for Eikon: ID:nPSX1ytn1y

Further company coverage: ECP.PS

((Reuters.Briefs@thomsonreuters.com;))