TCL Corporation (SZSE:000100) agreed to acquire an additional 11.07% stake in Tianjin 712 Communication & Broadcasting Co.,Ltd. from ZOOM Technologies, Inc. (OTCPK:ZOOM) for approximately CNY 280 million on July 17, 2015. Upon completion, TCL Corporation will hold 21.91% stake in Tianjin 712 and ZOOM Technologies will hold 35.35% stake.