25 Aug 07 Avance Technologies Rights Issue

Avance Technologies Limited has informed the stock exchanges that the board of Avance Technologies, on its meeting held on Friday, August 24, 2007 approved the rights issue to the existing shareholders of Avance Technologies Ltd. In order to accomodate the increase in paid up capital after the rights issue, the board of Avance Technologies has also approved to inrease the authorised capital of Avance Technologies Limited.

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