IDT International (00167) appoints Sinotech International Financing and Hornington Capital as the joint independent financial advisors for the company.

IDT Int'l (00167) announced that SBI International Financing Limited (a licensed corporation regulated to conduct Type 1 (securities trading) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance) and Quant Capital Limited (a licensed corporation regulated to conduct Type 1 (securities trading) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance) have been appointed as joint independent financial advisors to provide advice to the independent board committee on the offer (especially on whether the offer is fair and reasonable and whether it should be accepted).