Well, well,well...seems like Fintronics chairman was trying to push this through before due diligence was completed, and the shareholders have spoken...I hope he gets strung up for this outrageous abuse of company office...
Excerpt:
The Board announced that on 15 December 2007, the Company issued the Termination Notice to the
Vendors to terminate the Sale and Purchase Agreement regarding the Acquisition of Tianjin ATM
Company and not to proceed with the Completion with immediate effect.
Trading of the Shares has been suspended since 9:30 a.m. on 17 December 2007 pending the release
of this announcement. Application has been made to the Exchange for the resumption of trading of
the Shares with effect from 9:30 a.m. on 18 December 2007.
http://main.ednews.hk/listedco/listconews/sehk/20071217/LTN20071217327.pdf
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