News Column

Jiangsu Tongding Controls Suzhou Raiyi, into Mobile Internet

May 20, 2014

SUZHOU, May 20, SinoCast -- Jiangsu Tongding Optic-electronic Stock Co., Ltd. (SZSE: 002491) revealed plans to take helm of Suzhou Raiyi Information Technology Co., Ltd. to edge into mobile Internet market.

As planned, the former will offer shares for CNY 15.7 per share to ten natural persons to purchase a 51% stake they hold together in the latter. The target assets are estimated to be worth CNY 115.1439 million.

Raiyi Information is high-tech company engaged in mobile Internet service, offering small and midsize companies mobile Internet marketing solutions and system development service.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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