Zoom Technologies Confirms Plans to Buy Tinho Union Holding Group
January 15, 2014 at 16:30 PM EST
On January 13, 2014, Zoom Technologies, Inc. (Nasdaq: ZOOM ) (the "Company") entered into a Letter of Intent (the "LOI") with Tinho Union Holding Group ("Tinho") to acquire all the outstanding shares of Tinho by issuing approximately 9.4 million new shares of the Company's common stock at a valuation of $8.6505 per
