TECNO Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/tecno/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Mon, 29 Jan 2018 16:07:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.8 https://citifmonline.com/wp-content/uploads/2019/05/cropped-CITI-973-FM-32x32.jpg TECNO Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/tecno/ 32 32 Tecno introduces full screen display device, Camon CM https://citifmonline.com/2018/01/tecno-introduces-full-screen-display-device-camon-cm/ https://citifmonline.com/2018/01/tecno-introduces-full-screen-display-device-camon-cm/#comments Mon, 29 Jan 2018 06:30:41 +0000 http://citifmonline.com/?p=396342 The sudden buzz surrounding the latest device from Africa’s mobile phone giants, TECNO, was one that came with a lot of anticipation. Nevertheless, it does come refreshing that the Camon Cm is an 18:9 aspect ratio full screen smartphone and it does go ahead to be the first full display device from Tecno. Here’s why […]

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The sudden buzz surrounding the latest device from Africa’s mobile phone giants, TECNO, was one that came with a lot of anticipation.

Nevertheless, it does come refreshing that the Camon Cm is an 18:9 aspect ratio full screen smartphone and it does go ahead to be the first full display device from Tecno.

Here’s why you should own a Camon CM:

BODY

Full Display: As stated above, the Camon CM comes as a full display phone, probably introducing the art of full display in future devices from TECNO. With an 18:9 screen, you get to see more of screen and display as their hash tag #CMore suggests. This gives viewers the luxury of enjoying videos with its 18:9 ratio.

3rd Generation 2D Corning Glass: With its amazingly crafted 2.5D Third-Generation Corning Glass display and a remarkably sleek design that makes the device sit comfortably when held, the new TECNO CAMON CM display confronts the usual framework of smartphone design, allowing users to see and experience more than ever before.

Sleek Body and Light Weighted: Sleek is the hallmark for great phone models and that’s exactly what the TECNO Camon CM has to offer with its utmost sleekness and light weight feel.

CAMERA

13mp Front and Back Camera with Mix Flash: A 13MP Front and Back Camera is available to give users beautiful pictures and with the wider screen, users can capture more angles when used to take a selfie. For example, if a regular smartphone screen will capture 3-4 people in one selfie shot, the new CAMON CM will capture much more than 6 in one shot- amazing. This is coupled with the Mix Flash that gives you the perfect selfie picture no matter the lightning conditions.

Quad Flash Rear Camera: This is an amazing bright ring flash with 4 LED soft ring flash to give you that desired picture even in dark environments.

OTHER FEATURES

Split Screen: One of the most obvious trends in smartphone manufacturing these days is the effort to eliminate the bezel, or frame, that surrounds a phone’s display with a goal of making the users feel like their holding only a screen in their hand with nothing else to distract from what is being displayed on that screen. It’s safe to say TECNO has achieved that feat and even more with the CAMON CM. The device comes imbedded with an 18:9 screen support single window 1:1 split-screen which can be operated with only one step – meaning you can do two things at a time on the screen.

0.3s Fingerprint Quick: With a super-fast fingerprint unlock of 0.3 seconds, you are assured to quickly lock and unlock your device in a blink of an eye.

Great Colors: Midnight Black, Champagne Gold and City Blue are the pretty colors the TECNO Camon CM comes in. Perfect for everyone.

Rapid 4G LTE: TECNO Camon CM gives you the ultimate experience of a rapid 4G LTE connectivity. This means you get to enjoy a fast and swift network experience.

Price: Given these amazing features, the TECNO Camon CM is set at the most affordable price you can imagine and can be found across the nation in all TECNO Shops

This is one great offer from Africa’s largest Mobile Phone Company and as the year has begun on  a good note, we hope to see more devices with improved features before the close of 2018.

Follow TECNO across all social media with the handle @TecnoMobileGh

Source: Tecno Mobile

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All you need to know about Tecno’s Phantom 8 smartphone https://citifmonline.com/2017/11/all-you-need-to-know-about-tecnos-phantom-8-smartphone/ Thu, 30 Nov 2017 08:02:20 +0000 http://citifmonline.com/?p=378992 The Phantom 8 noted and bragged as one of the best designed phones for 2017 comes with a stunning 20mp front camera, a 12 + 13mp dual camera with 10x super zoom, 3500 mAh battery and a ram of 6Gb and 64 GB memory space. Amassing a dual 12 and 13mp rear camera with 10x […]

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The Phantom 8 noted and bragged as one of the best designed phones for 2017 comes with a stunning 20mp front camera, a 12 + 13mp dual camera with 10x super zoom, 3500 mAh battery and a ram of 6Gb and 64 GB memory space.

Amassing a dual 12 and 13mp rear camera with 10x super zoom plus a whooping 20mp front camera made with the user in mind, the Phantom 8 gives patrons a worth of their money with some key camera features like the Auto Focus Mode, Refocus and the Soft Flash Light feature for taking all those awesome selfies in the dark without hurting the eyes.

With an unbelievable 6 GB RAM and memory space of 64 GB patrons get to download up to 80 Apps without slowing down the phone. It also enables 50% of download speed and fully charges the phone in 70minutes.

For battery, the Phantom 8 gives you a 3500mAh battery capacity with a 50percent extra-fast charge capacity which runs on the custom made UI platform for Tecno, HiOS 3.0.

Phantom 8 offers a 4G global connectivity for people who move around a lot. There’s no need to change your device because the band in that country doesn’t correspond with your phone.

In three distinct colors, Phantom 8 comes in champagne cold, galaxy blue and phantom black.

As part of giving customers and patrons a treat for being loyal to the brand and for the several years of dedicated support, MTN GHANA and STAR TIMES GHANA have partnered with the Flagship device to give patrons an amazing package.

For every Phantom 8 bought, a STAR TIMES full kit + 1 free month super bouquet Subscription and a 2.5 GB free monthly MTN data for 6 months is included.

This gives patrons a chance to not only own a Phantom 8 but to enjoy all those interesting movies and series on STARTIMES like Project Runway, Empire, Mexican Telenovelas and Bollywood movies.

Now you have no excuse to not follow the Ghana Premiere league as the Sports channel brings you that and more including ligue1&Serie, Barca Tv and the PGA Tour Highlights.

Source: Tecno

 

 

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Tecno launches new Phantom 8 smartphone in Ghana https://citifmonline.com/2017/10/tecno-launches-new-phantom-8-smartphone-in-ghana/ https://citifmonline.com/2017/10/tecno-launches-new-phantom-8-smartphone-in-ghana/#comments Fri, 27 Oct 2017 08:01:39 +0000 http://citifmonline.com/?p=365612 Leading mobile phone brand, TECNO Mobile has released its new smartphone device, Phantom 8 onto the Ghanaian market. The Phantom 8 comes with 6GB RAM and 64GB ROM as well as two back cameras with 12 and 13 MP each and front camera. The  camaras come with super 10X zoom and auto refocus and helps […]

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Leading mobile phone brand, TECNO Mobile has released its new smartphone device, Phantom 8 onto the Ghanaian market.

The Phantom 8 comes with 6GB RAM and 64GB ROM as well as two back cameras with 12 and 13 MP each and front camera.

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The  camaras come with super 10X zoom and auto refocus and helps to take wonderful pictures even at low light environment.

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In his welcome address, the General Manager of Business at TECNO Mobile, Daniel Glover said the Phantom series which is their flagship product has been improved tremendously in terms of specification and quality compared to the previous Phantom series.

General Manager of Business at TECNO Mobile, Daniel Glover
General Manager of Business at TECNO Mobile, Daniel Glover

“The Phantom series is our flagship series. This new flagship product, when compared with our previous Phantom 5, Phantom 6 and 6 Plus shows a tremendous improvement upon all the specs of its predecessors. It comes with remarkable specifications,” he said.

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“The cameras make every owner of Phantom 8 his own professional photographer. It has 2 back cameras of 12 and 13 MP each. They have the super 10 X zoom and the auto refocuses as well as support HDR (High Dynamic Range). With these cameras, you now can take a picture and get what you saw that aroused your interest in taking the picture, exactly the way it is since distant pictures can be zoomed up to 10 times more.  The 10 times super zoom therefore allows you to capture 10 times more digital pictures while at the same time providing a dual flash on these cameras,” Mr. Glover added.

He said the Phantom 8 allows users to download up to 80 Apps without slowing down the system adding that it enables 50% of download speed.

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Mr. Glover indicated that the phone comes with a 2GB data bundle from MTN every month for 6 months. He added that those who patronize the phone also stand the chance of getting a free decoder, dish and cable from StarTimes.

The incoming Chief Executive Officer of the Ghana Chamber of Telecommunications, Mr Kenneth Ashigbey who gave the key note address during the unveiling of the phone in Ghana on Wednesday commended Tecno for its innovative and sleek mobile devices.

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He said access to smartphones continue to rise in Ghana hence such innovative devices such as the Tecno Phantom 8 will help serve the mobile needs of the country.

“…As we launch the Phantom 8, we have over 37 million mobile connections in Ghana. But one era of significant growth and promise in the mobile telephony industry in Ghana is using the power of mobile to enable digital identity,” Mr. Asigbey added.

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About Phantom 8

The Phantom 8 comes with 6 GB RAM and 64 GB ROM. The processor is 2.6 GHz octa-core.

It runs on Android 7.0 Nougat and this will enable patrons to enjoy the best.

The screen size is 5.7” FHD screen with 4G+ network.

The front cameras are 20 MP with Smart Dual Selfie flash.

It has 2 back cameras of 12 and 13 MP each. They have the super 10 X zoom and the auto refocus as well as support HDR (High Dynamic Range).

By: Godwin Akweiteh Allotey/citifmonline.com/Ghana

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Tecno launches Phantom 8 in Dubai  https://citifmonline.com/2017/10/tecno-launches-phantom-8-in-dubai/ Tue, 24 Oct 2017 06:10:17 +0000 http://citifmonline.com/?p=364762 Tecno, a premier mobile phone brand under Transmission holding, has launched its newest addition, the Phantom 8 in Middle East and Africa region. The regional launch took place in Jumeirah Beach Hotel, Dubai in the presence of 200 guests. Addressing the media at the event, Arif Chowdhury, Vice President of Transsion Group – the parent […]

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Tecno, a premier mobile phone brand under Transmission holding, has launched its newest addition, the Phantom 8 in Middle East and Africa region.

The regional launch took place in Jumeirah Beach Hotel, Dubai in the presence of 200 guests.

Addressing the media at the event, Arif Chowdhury, Vice President of Transsion Group – the parent company of Tecno Mobile, spoke about the brand’s fortunes, advancement of smartphone technology and the brand’s expansion strategy into new markets.

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“We are very excited about the launch of the Phantom 8 today. It has not been an easy ride to success but as they say in the end, success is all that matters and I can say 2017 has been a very remarkable year for us as a company. We have received admirable awards and recognitions like the Smartphone Brand of the Year Award at Ghana Information Technology and Telecom Awards in Accra this year, and recognitions in key markets, expanded our product lines, ventured into new markets and raised the bar on smartphone innovation.”

The newly launched Android operated Phantom 8 features a revolutionary camera, attractive design and high-speed experience.

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Debuting an impressive 20MP bright front Camera and 12MP + 13MP dual cameras at the rear with 10x super zoom, single shot HDR, “4 in 1” skin brightening technology, real-time refocus and filter, ultra-quality super pixel lens with great noise control, the device is powered by a 6GB high speed RAM, 64ROM, 2.6GHz MediaTek Helio P25 processor and a 3500mAh battery with 50% extra ultra-fast charge capacity, all of which ensures that the device is faster and consumes less energy.

The device is wrapped in a diamond design uni-body with drip screen, 2.5D glass and has a 5.7 Full HD screen mounted on its surface. With a glass fingerprint scanner that guarantees 50% more responsiveness planted at the rear of the device, handling and securing the Phantom 8 is such a delight.

The Phantom 8 will be available in Shadow Gold, Galaxy Blue, Royal Purple, Jack Black and Diamond Blue colors and fully supports VR Videos.

The Phantom 8 will ship to several markets across the world.

The new Phantom 8 is compatible with Micro SIM or Nano SIM Card and supports up to 2TB (Terra Bytes) TF (Trans Flash) Card, and it holds 4 modules, 20 bands and covers more than 200 countries and zones.

 

Source: Tecno

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TECNO releases spark series  – good for lowlight photography  https://citifmonline.com/2017/09/tecno-releases-spark-series-good-for-lowlight-photography/ Fri, 29 Sep 2017 06:24:52 +0000 http://citifmonline.com/?p=357973 Mobile photography has come a long way and most of today’s smartphones produce photos that can make consumers ditch their DSLR cameras, as photography is now a major focus for smartphone makers. As far as photography goes, light is the most important element of taking good pictures. Unfortunately, not all the memorable moments we want […]

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Mobile photography has come a long way and most of today’s smartphones produce photos that can make consumers ditch their DSLR cameras, as photography is now a major focus for smartphone makers.

As far as photography goes, light is the most important element of taking good pictures. Unfortunately, not all the memorable moments we want to capture happened outdoors on a sunny day prompting questions as to how one can capture enough light, get the much-needed balance and at what point to add in additional light.

However, if one had the right smartphone with spot-on lighting features, these questions will all be history, as better imaging results are guaranteed.

Among a few of such mobile devices reported to capture stunning pictures even under very low light conditions are the recently launched series from TECNO Mobile, the SPARK and SPARK Plus smartphones.

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The rear of the Spark Plus dons a 13-megapixel camera – a spec which can be argued is regular among smartphones these days, but there’s more to it.

The ‘magic’ is with refined technology in how the flashlights works with the camera, allowing capturing photos 50% brighter and at the same time reducing 75% more noise via its “visidon” highlight algorithm. Interestingly, the rear camera also shoots HDR images which remove unrealistic color casts and improve photo quality dramatically.

The front camera (now popularly called the Selfie camera) – with a mix flash feature, allows the front flash pair with the screen flash to provide balanced lighting and allow users take bright and fantastic selfies in lowly lit environments, it is very impressive for its 5-megapixel front camera.

The SPARK and SPARK Plus are with very sweet prices and are designed to solve the challenges of taking photos in lowly lit places.

So with little or no knowledge about adjusting camera settings, anyone – amateur or Pro, can delve right into capturing or recording those memory-worthy moments with these “shining” devices from TECNO Mobile.

Source: Tecno

 

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TECNO helps African youngsters to play as Premier League superstars https://citifmonline.com/2017/08/tecno-helps-african-youngsters-to-play-as-premier-league-superstars/ Sat, 26 Aug 2017 17:07:27 +0000 http://citifmonline.com/?p=348474 Leading mobile phone brand, TECNO Mobile, on Thursday 24th August launched a new experiential initiative which will see 13 youngsters from across Africa spend a week enjoying the very best in coaching with Manchester City Football Club. The Blue Squad scheme, announced on Thursday at Manchester City’s Etihad Stadium, will see the youngsters train at […]

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Leading mobile phone brand, TECNO Mobile, on Thursday 24th August launched a new experiential initiative which will see 13 youngsters from across Africa spend a week enjoying the very best in coaching with Manchester City Football Club.

The Blue Squad scheme, announced on Thursday at Manchester City’s Etihad Stadium, will see the youngsters train at City Football Academy for a week.

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Coaches from City Football Schools will be delivering fun and engaging lessons to the youngsters, using the Manchester City football know-how and methodology. The sessions will focus on specific areas of the City Play curriculum, using the examples of current City players, such as Kevin De Bruyne and David Silva, to challenge players to master the ball, play with style and dominate the game.

The participants, aged 12-15, are from a wide range of African countries including Kenya, Tanzania, Nigeria, Ghana and Egypt.

As one of the top three mobile phone brands in Africa and a major player worldwide, TECNO Mobile is committed to the African market and community. Having launched in the region more than a decade ago, TECNO has grown rapidly through a deep understanding of the real needs of African consumers, providing several product developments to ensure users get the most out of their phones.

Through this depth of knowledge in Africa, TECNO has made an ongoing commitment to provide wider community initiatives, with the Blue Squad the latest example of this. Plans are also in development to repeat the initiative annually and give more African youngsters the opportunity to experience playing at one of the world’s best football clubs.

Stephen Ha, General Manager of TECNO Mobile, said: “Sport is a great way to provide new experiences and build communities and we are thrilled to be able to give youngsters from across Africa the chance to enjoy the beautiful game at its very best.

“For more than a decade, TECNO Mobile has been committed to Africa, and we are always looking for new ways to cater for our loyal customer base on the continent. Blue Squad provides the perfect opportunity to give something back.”

Gavin Rhodes, Head of City Football Schools, commented: “City Football Schools are committed to providing young people with access to cutting edge training and performance expertise both on and off the pitch.

“We are delighted to support initiatives like the Blue Squad that are enriching the lives of young people around the world and we’re looking forward to welcoming the youngsters to City Football Academy.”

TECNO Mobile is a premium mobile phone brand of Transsion Holdings. The firm has the largest market share in the Sub-Saharan African phone industry and now operates in more than 40 countries globally.

Last year the firm announced a global multi-year partnership as Official Tablet and Handset Partner of Manchester City.

Credit: Tecno

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TECNO’s new Camon CX smartphone hits Ghanaian market https://citifmonline.com/2017/03/tecnos-new-camon-cx-smartphone-hits-ghanaian-market/ Wed, 29 Mar 2017 11:30:03 +0000 http://citifmonline.com/?p=306098 Premium mobile phone brand, TECNO Mobile has introduced its latest Camon CX unto the Ghanaian market after it was first launched in Kenya last week. The smartphone which has 16 megapixels for its back and front cameras has been designed specifically for young and independent smartphone users. Speaking at the launch in Ghana on Tuesday, […]

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Premium mobile phone brand, TECNO Mobile has introduced its latest Camon CX unto the Ghanaian market after it was first launched in Kenya last week.

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The smartphone which has 16 megapixels for its back and front cameras has been designed specifically for young and independent smartphone users.

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Speaking at the launch in Ghana on Tuesday, the Manager and Head of Retail at TECNO Mobile, Daniel Glover explained the company currently commands a 25.3% share in six African economies is seeking to hit 30% with its innovative products.

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“TECNO Mobile is a major driver of mobile phone penetration in Africa. This is because TECNO services over 35 countries in Africa and currently retains the largest market share of 25.3% across six major African markets including Kenya, Nigeria, Ghana, Tanzania, Cameroon and Ethiopia. TECNO is not only making an impact in Africa. We have extended our business to more than 48 countries around the world, across the Middle East, South East Asia and South America – this has made TECNO one of the mobile brands to reckon with, not just in Africa but globally, by serving about 2.5 billion consumers in the world today which is about 35% of the world’s population,” he added.

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About Camon CX

The Camon CX has a centred 16MP front camera with dual front facing flash light and the front camera is also 16MP.

The new TECNO Camon CX has an “aerospace –grade” aluminum alloy uni-body with thickness of 5.6mm.

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It has 5.5 inch Full HD IPS display and a 16GB ROM as well as 2GB RAM.

TECNO CX is a 4G device with lightening speed charging features.

The smartphone uses a smart image sensor composed of 16 mega pixel sensors in the front camera, coupled with unique ‘4 in 1’ technology.

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Each pixel sensor detects light, captures individual images and converts the information into signals before forming the final image, resulting in selfies that are 30 per cent brighter, capturing special moments perfectly.

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The smartphone also includes features such as a customised ring flash, light speed charge and a 5.5 inch FHD (Full High Definition) screen, all allowing for ease of use on the go as well as the best quality images.

By: Godwin A. Allotey/citifmonline.com/Ghana

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TECNO shakes African market with new Camon CX smartphone https://citifmonline.com/2017/03/tecno-shakes-african-market-with-new-camon-cx-smartphone/ Fri, 24 Mar 2017 11:15:45 +0000 http://citifmonline.com/?p=304407 Premium mobile phone brand, TECNO Mobile, on Thursday unveiled its latest handset Camon CX unto the African market at an event in the Kenyan capital, Nairobi. Designed specifically for young, independent smartphone users, the latest handset will be the “Selfie Camera” for this market’s generation. The Camon CX will be available in 41 countries across Africa, […]

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Premium mobile phone brand, TECNO Mobile, on Thursday unveiled its latest handset Camon CX unto the African market at an event in the Kenyan capital, Nairobi.

Designed specifically for young, independent smartphone users, the latest handset will be the “Selfie Camera” for this market’s generation.

The Camon CX will be available in 41 countries across Africa, the Middle East and Latin America, allowing consumers to take brighter, clearer and faster selfies than ever before.

Since the Camon series was introduced in 2015, over 5 million handsets globally have been sold, helping consumers experience high quality selfie technology at the touch of a button.

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Securing their position as the leading smartphone provider in African markets such as Nigeria, Tanzania, Egypt, Kenya and Cameroon, TECNO Mobile has adopted the latest visual technology in the Camon CX.

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The smartphone uses a smart image sensor composed of 16 mega pixel sensors in the front camera, coupled with unique ‘4 in 1’ technology.

Each pixel sensor detects light, captures individual images and converts the information into signals before forming the final image, resulting in selfies that are 30 per cent brighter, capturing special moments perfectly.

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The ‘4 in 1’ technology also pairs effective denoising technology, obtaining a signal-to-noise (SNR) 1.7 times better, with the newest Smart Denoise technology to produce amazingly clear images even in low light. The dual-front flash feature goes further, and allows Camon CX users to take amazing quality selfies in dark environments where previous artificial light would blur and distort images.

The smartphone also includes features such as a customised ring flash, light speed charge and a 5.5 inch FHD (Full High Definition) screen, all allowing for ease of use on the go as well as the best quality images.

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TECNO, part of Transsion Holdings, has had over 25 per cent of market share in Sub-Saharan African countries since 2014. Sales in the African market reached 25 million devices in 2015, including 9 million smart phones. Globally, it sold 60 million devices last year while the sale of smart phones manufactured by the company increased by 40 per cent.

Speaking at the global launch of the Camon CX smartphone, Stephen Ha, General Manager of TECNO Mobile, said:
“We are very excited to unveil the Camon CX, as our latest smartphone. The phenomenon of the selfie has in recent years taken over smartphone usage, and photo quality is important to not just younger consumers but increasingly wider age demographics.

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“We have made a conscious effort to adopt the latest technology to provide consumers with the highest quality mobile experience, something that is a top priority for TECNO Mobile.”

Beehong Hong, Transsion’s Chief Marketing Officer, also commented:

“The launch of the Camon CX is the latest example of where TECNO Mobile provides quality products at affordable prices across many different markets.

“This device is particularly exciting for us as we tap into new technology, delivering consistent, superior image quality whilst still offering an easy-to-use device.

“We strive to maintain TECNO’s position as the most popular smartphone provider in the African market by utilising new technologies as we have done here.”

Source: TECNO Ghana

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TECNO launches slimmest Power King smartphone https://citifmonline.com/2017/03/tecno-launches-slimmest-power-king-smartphone/ Sat, 18 Mar 2017 11:00:50 +0000 http://citifmonline.com/?p=302794 TECNO, Africa’s leading smartphone brand is always at the fore of smartphone innovation. From releasing markets slimmest smartphone with dual rear cameras to building the slimmest smartphone with the biggest battery capacity, TECNO is constantly making efforts to better its best with the release of each product. The company has greeted 2017 with a beautiful […]

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TECNO, Africa’s leading smartphone brand is always at the fore of smartphone innovation.

From releasing markets slimmest smartphone with dual rear cameras to building the slimmest smartphone with the biggest battery capacity, TECNO is constantly making efforts to better its best with the release of each product.

The company has greeted 2017 with a beautiful new device in the TECNO L series called the TECNO L9 Plus.

The TECNO L Series is known for debuting markets most disruptive smartphone with high-end battery capacity annually.

In its usual form, the TECNO L9 Plus comes with a major advancement in battery technology.

It boasts an impressive 5000mAh battery capacity capable of providing over 72hrs nonstop power to the L9 Plus.

With a 5000mAh battery, there is very little you cannot run on your device.

In fact, you can enjoy over 24hrs of gaming, 30hrs of video playback, 40hrs of call and 200hrs of music playback.

On the L9 Plus, you can be rest assured that your fully charged device can cater for all your smartphone function needs without draining by midday.

If the L9 Plus holds a 5000mAh battery then, it must be very big and heavy right? No. Despite carrying such a huge battery on the inside, the TECNO L9 Plus is surprisingly only 4.5mm thin and in fact thinner than the high-ranking Phantom 6 Plus.

When you look at the TECNO L9 Plus, what you see is a simple smartphone with a classy finish; Impressively, the L9 Plus has a 6.0inch high definition screen that brings multimedia displays on the device to life.

This crystal clear display gives users a holistic entertainment experience when watching videos or playing high-resolution games.

There are other note-worthy features of the L9 Plus that you can only appreciate after using it.

Source: TECNO

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HFC Bank takeover saga – Court dismisses Republic Bank’s plea https://citifmonline.com/2014/06/hfc-bank-takeover-saga-court-dismisses-republic-banks-plea/ Tue, 24 Jun 2014 14:06:53 +0000 http://4cd.e16.myftpupload.com/?p=27091 An Accra High Court, Commercial Division, on June 23, 2014 dismissed an application by Republic Bank of Trinidad & Tobago, to strike out the action filed by HFC Bank against the hostile takeover attempt of HFC Bank by Republic Bank. The court, presided over by Justice George K. Koomson, dismissed Republic Bank’s application, holding that […]

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An Accra High Court, Commercial Division, on June 23, 2014 dismissed an application by Republic Bank of Trinidad & Tobago, to strike out the action filed by HFC Bank against the hostile takeover attempt of HFC Bank by Republic Bank.

The court, presided over by Justice George K. Koomson, dismissed Republic Bank’s application, holding that the action was properly brought before the court by HFC Bank and should therefore be heard.

Background

The HFC Bank, on 23rd May 2014, sued the Republic Bank and the Securities and Exchange Commission (SEC) for what it alleged were breaches of the SEC Code on Takeovers & Mergers in Republic Bank’s attempt to do a mandatory takeover of HFC Bank by purchasing of HFC shares held by the Union Bank of Nigeria. HFC Bank also applied for an interim injunction against Republic Bank and the SEC.

Republic Bank countered this by filing an application to strike out the court action altogether, arguing that: 1) HFC Bank should have submitted a complaint to the SEC to investigate the alleged wrongdoing by Republic Bank before filing the action in court; 2) the action was not authorised by the Board of Directors of HFC; 3) the fact that HFC Bank accuses Republic Bank of engaging in “insider trading”, which is a criminal offence, means that the action can only be prosecuted by the Attorney-General as a criminal case and not as a civil case, and 4) the action is vexatious and an abuse of the court’s process. The SEC supported Republic Bank’s application.

However, the court dismissed the application on all the four grounds. On the first ground, the Court held that HFC Bank was justified in not first submitting a complaint to the SEC, because the SEC’s actions in the transaction raise questions of bias and impartiality. HFC Bank therefore had legitimate fears that it had a very slim, if not impossible chance of getting a fair hearing before the SEC. The court stated that it would be preposterous for it to throw out HFC Bank’s action, and that it would amount to a travesty of justice. On the second ground, the court held that HFC Bank was not wrong to allege in a civil suit, that Republic Bank had committed “insider trading”.

On the third ground, the court held that the Minutes of the Meeting of HFC Board on 28th April 2014 and a letter of the same day, written by HFC Bank’s Managing Director to the Bank’s lawyers, Bentsi-Enchill, Letsa & Ankomah, confirmed that the action was authorised. On the last ground, the court stated that the court action initiated by HFC Bank raises serious issues that have to be determined by the Court and therefore the action is neither vexatious nor an abuse of the court process.

The court awarded costs of GH¢1,000.00 against Republic Bank and in favour of HFC Bank. HFC Bank is represented in this matter by Bentsi-Enchill, Letsa & Ankomah, and the Republic Bank is represented by Reindorf Chambers.

 

By: Evans Effah/citifmonline.com/Ghana

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