Addsino Co., Ltd. cancelled the transaction announced on December 15, 2016
May 11, 2017
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On May 12, 2017, Addsino Co., Ltd. (SZSE:000547) cancelled the transaction. The termination of the transaction was approved in the 8th directorate meeting and 11th interim session of the 8th supervisory board meeting.
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.