R Systems International has received an approval for purchase of 20,000 ordinary shares constituting 0.03% of ECnet, Singapore from its existing shareholders. The board of company at its meeting held on April 27, 2013 has approved for the same. ECnet, Singapore is a 99.59% subsidiary company of R Systems International.
The board has also approved for the closure of EU Branch, The Netherlands of the company and conversion of loan of SGD 2,775,560 given by R Systems (Singapore), 100% subsidiary of R Systems International to ECnet, Singapore into equity.
R Systems International is a software product development and BPO services company. It helps companies bring products and services to market quicker by using its proprietary suite execution framework.
