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  1. Technology
January 31, 1989


By CBR Staff Writer

Telephone products maker TeleQuest Inc is to get $700,000 and a $1.5m line of credit from an unidentified Hong Kong manufacturer, in return for 475,000 new shares at 42 cents a share and warrants for up to 1.6m further shares at the same price, giving control if exercised; the firm will also get a 90% stake in TeleQuest’s Hong Kong subsidiary, Asian marketing rights to its products, as well as some equipment.

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