Tong Jianxun and a Xinjiang-based investment company acquired 11.68% stake in ChinaScholars Group Co., Ltd..
October 25, 2013
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Tong Jianxun and a Xinjiang-based investment company acquired 11.68% stake in ChinaScholars Group Co., Ltd. (SZSE:000547) on October 26, 2013. Under the terms of agreement, Tong Jianxun acquired 63.2 million shares and Xinjiang-based company acquired additional 41.2 million shares increasing the stake to 79.04 million shares i.e. 8.83% stake.
Tong Jianxun and a Xinjiang-based investment company completed the acquisition of 11.68% stake in ChinaScholars Group Co., Ltd. (SZSE:000547) on October 26, 2013.
ADDSINO CO.,LTD., formerly CHINASCHOLARS GROUP CO,.LTD. is a China-based company principally engaged in the research, development, manufacture and distribution of command and control communication products, electronic Blue Force and simulation products and electromagnetic security products. The Company's main products include military communication products, experimental radio frequency simulation systems, experimental and field active target simulation systems, radar simulation systems, tactical training simulation systems and electromagnetic protection products, among others. The Company operates its business in domestic market, with North China, East China and southwest area of China as its main markets.
ADDSINO CO., LTD. 
