Helios & Matheson - Equity Investment in foreign subsidiary
Helios & Matheson Information Technology Ltd has informed BSE that the Company has signed an equity commitment letter with its foreign subsidiary, Helios & Matheson North America, Inc, USA, (HMNA) for investment of up to $ 1.25 million in the common stock of HMNA. This is subject to approval of respective Boards of Directors, the rules governing the investment in such securities by an Indian body corporate, the US state and Federal laws and Nasdaq...