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China's Telestone Technologies Corp. said it agreed to acquire 100 percent of the equity in Shandong Guolian Communication Technology Co. Ltd., which provides wireless coverage integration services.
Telestone said Guolian will receive 800,000 shares of its restricted common stock and $500,000 in cash on the closing date.
One year following the agreement, Guolian is also eligible to receive an additional 100,000 restricted common shares subject to it meeting certain performance thresholds, Telestone said. |
