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Zoom Technologies Inc to acquire Beijing Baifen Tonglian Information & Technology Co., Ltd

Wednesday, 27 Nov 2013 04:30pm EST 

Zoom Technologies Inc:Says it has entered into a Letter of Intent (the LOI) with Beijing Baifen Tonglian Information & Technology Co., Ltd to acquire, directly or indirectly, all the outstanding shares of Baifen.Says in connection with this transaction, Zoom will issue to Baifen's shareholders 12 million new shares of the company's common stock representing approximately 80% of Zoom's ownership interest post-transaction. 

Company Quote

-0.07 -2.53%
20 Aug 2014