The move is designed to increase the company's cash flow and thefloat of the companyand give a chance for institutional investorsto invest by creating more shares, according to Daniel Mckinney,chief executive officer.
"We want to reward our loyal shareholders in API by increasingtheir stock-holdings in our company," Mckinney says.
The Board will meet to consider its decision on Sept. 16. AsiaPacific Properties recently signed a letter of intent to purchase aleading CRM software supplier, Entellium. Entellium Investments,Ltd. is the majority owner of the Intellium Group, which includesEntellium Holdings, Ltd. an applications service provider withoffices in Malaysia, Singapore and Thailand. Entellium Investmentshas assets in excess of $20 million dollars US. Entellium Holdingsprovides CRM solutions based upon Microsoft.Net web servicesplatform.
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