Transnational and Televa swap shares, ownership

San Francisco’s Televa Networks Inc. has taken control of San Francisco’s Transnational Financial Network Inc. (TRFN) in a transaction led by Transnational board member Joseph Kristul and Maria Kristul.

Transnational has acquired all shares of broadband wireless services provider Telava and sold Transnational mortgage operations to an affiliate of the Kristuls.

The Kristuls in return. have taken on all outstanding obligations and indemnification for contingent liabilities. Televa acquired approximately 90 percent of Transnational in exchange for the Televa common stock.

Transnational’s board of directors has resigned, with the exception of Joseph Kristul, and a new board appointed.

Transnational, a wholesale and retail mortgage banker, suspended its wholesale mortgage operations in August and reduced its retail operations to those in San Francisco.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Business briefs: The IPhone may have issues
Next story
Sharing office space: Say hello to your neighbor

Just Posted

Sheltering in place not an option for many Tenderloin residents

‘There is nobody out except people that can’t go in’

Chinatown SRO tenants fear close quarters will spread coronavirus

Shared kitchens, bathrooms make it difficult to avoid contagion

SF speeds up testing for first responders as Sheriff’s Department is hit by coronavirus

Miyamoto rolls out daily temperature checks at jails, hospitals and courthouses

‘Outbreak’ expected at Laguna Honda Hospital after seven test positive for virus

The day after the first patient at Laguna Honda Hospital tested positive… Continue reading

Gov. Newsom orders statewide ban on evictions for renters affected by coronavirus

The measure prevents the evictions of renters over the nonpayment of rent through May 31

Most Read