KUALA LUMPUR: Loss-making Widetech (Malaysia) Bhd is teaming up with Goldshore Capital Ltd to collaborate and undertake investment opportunities in the gaming and casino business in various countries.
Widetech said on Friday, April 1, its unit Probusiness Investments Ltd had signed an investment and shareholders' agreement with Goldshore, a British Virgin Islands incorporated company, for the collaboration.
Probusiness' core business is gaming operations and it will be responsible for the entire financing of the agreement via its own funds.
Widetech is involved in gaming operations, manufacturing, consumer financing and operates a hotel in Laos. It posted losses of RM817,000 on the back of RM7.21 million in revenue in the nine-months ended Dec 31, 2010.
Widetech said on Friday, April 1, its unit Probusiness Investments Ltd had signed an investment and shareholders' agreement with Goldshore, a British Virgin Islands incorporated company, for the collaboration.
Probusiness' core business is gaming operations and it will be responsible for the entire financing of the agreement via its own funds.
Widetech is involved in gaming operations, manufacturing, consumer financing and operates a hotel in Laos. It posted losses of RM817,000 on the back of RM7.21 million in revenue in the nine-months ended Dec 31, 2010.
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