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2014-02-27

Refond Corrects Earlier Announcement of Shares Purchased from LT Photoelectricity Technology

Last Friday, Refond Optoelectronics (Refond) announced the acquisition of 13.04 percent share of Shenzhen LT Photoelectricity Technology Co. for RMB 30 million (US $4.9 million) through a preferred stock purchase agreement signed with Peng Xiaoling and Wang Weiquan. Refond however has corrected the announcement, reporting that the company purchased 15 percent share.
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