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KSAT Satellite Networks Inc. Was Issued Certificate Of Intent To Dissolve
Vancouver - Jan 05, 2004 KSAT Satellite Networks Inc. ("KSAT") today announced that a certificate of intent to dissolve was issued to KSAT under date of December 12, 2003 pursuant to the Business Corporations Act (Yukon) (the "YBCA"), as approved by the shareholders of KSAT at a special meeting duly called for the purpose and held on the 20th day of June, 2003, at which the shareholders passed a special resolution requiring KSAT to be liquidated and dissolved voluntarily under the provisions of the YBCA. As required by the provisions of the YBCA, KSAT will publish and deliver notice of the issuance of the certificate to each known creditor, which notice will state that any person who has any claim against KSAT must file proof of such claim with KSAT on or before February 26, 2004, after which time the property of KSAT will be distributed amongst the persons entitled thereto, having regard to the claims of which KSAT then has notice. Prior to commencing dissolution proceedings, KSAT was in the satellite telecommunications business in China. The common shares of KSAT trade on the Canadian NEX Board of the TSX Venture Exchange under the trading symbol "KSA.H". Community Email This Article Comment On This Article Related Links KSAT Satellite Networks SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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