Key Developments: Zoom Technologies Inc (ZOOM.PH)

ZOOM.PH on Philadelphia Stock Exchange

2.81USD
4 Jun 2014
Price Change (% chg)

$0.11 (+4.07%)
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Latest Key Developments (Source: Significant Developments)

Zoom Technologies Inc to acquire Tinho Union Holding Group
Wednesday, 15 Jan 2014 04:30pm EST 

Zoom Technologies Inc:Enters into a Letter of Intent with Tinho Union Holding Group to acquire all the outstanding shares of Tinho by issuing about 9.4 mln new shares of the company's common stock at a valuation of $8.6505 per share to the shareholders of Tinho.Says upon closing of the transaction, the current shareholders of Tinho would own about 75% of Zoom's ownership interest.Says Maxim Group LLC is acting as the company's financial advisor in connection with the Transaction.  Full Article

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.  Full Article

Zoom Technologies Inc Announces Change Of CFO-Form 8-K
Tuesday, 16 Jul 2013 11:44am EDT 

Zoom Technologies Inc reported in its Form 8-K that on July 15, 2013, Anthony K. Chan resigned as a member (Director) of the Board of Directors (Board) of the Company and also resigned from the position of Chief Financial Officer (CFO). On July 15, 2013, the Board elected Mr. Patrick Wong to replace Mr. Chan as a Director until the next annual meeting or special meeting convened for the purpose of electing directors or until such time as Mr. Wong is replaced by a successor. The Board also appointed Mr. Wong to fill the positions of Chief Financial Officer (CFO), Corporate Secretary, and Principal Accounting Offer of the Company.  Full Article

Zoom Technologies Inc Announces Sale Of China-Based Operations And Strategy To Acquire U.S.-Based Businesses
Monday, 7 Jan 2013 09:15am EST 

Zoom Technologies Inc announced that the execution of a definitive agreement pursuant to which it will sell its China-based manufacturing, sales and marketing, and R&D subsidiaries, and that the proceeds of the sale will be used for the purchase of additional U.S.-based businesses.  Full Article

Zoom Technologies Inc Engages Marcum Bernstein & Pinchuk LLP as Auditor
Wednesday, 10 Oct 2012 09:30am EDT 

Zoom Technologies Inc announced it has engaged Marcum Bernstein & Pinchuk LLP as its independent auditor for its financial statements audit for the year ended December 31, 2012, and interim review for the three and nine months ended September 30, 2012.  Full Article

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