Moso to Receive Compensation Worth RMB 35 M Over Canceled Financing Agreement

It has been two months since Chinese LED power manufacturer Moso halted trade on the Chinese bourse as it planned to acquire more financing on May 20, 2015.

After numerous negotiations, Moso Power concluded the conditions for the financial restructure was immature, and reconsidered the financing agreement. An agreement to terminate the deal was signed by Moso Power, and the investor is obliged to compensate the company under the agreement.

Moso Power will be receiving RMB 35 million (US $5.64 million) compensation, which will be listed as the company’s profits and losses this quarter.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Signify, the world leader in lighting, launches Puzzle – the first luminaire of its kind to combine striking, continuous light with office compliance, task-ready performance and a breakthrough in sustainable design using 75% recycled PET... READ MORE

A compact temperature sensor from ams OSRAM monitors conditions inside a dairy cow’s body, revealing what’s not yet detectable from the outside. Embedded within the smaXtec bolus sensor, it detects physiological changes at an early... READ MORE