CHVC sells US operating subsidiaries for $18m

China Voice Holding (CHVC) has sold its US operating subsidiaries and issued 15,000,000 shares of CHVC common stock to Flint Telecom Group (FLTT). CHVC will receive $10m cash over the next two years and receive up to 21m shares of FLTT valued at approximately $8m from the transaction, for a total value of approximately $18m. [...]