Apr 10, 2008
Global Telecom Holdings Limited (''GTHL''), a wholly owned subsidiary of Guangzhou Global Telecom, Inc (OTCBB: GZGT), a Chinese wholesale distributor of mobile phones, pre-paid calling cards and mobile handset value-added services, announced that it has signed an agreement with Beijing Lihe Jiahua Technology and Trading Company Ltd ('Lihe') to acquire a 50% equity interest in Lihe in the form of 1,500,000 shares and RMB 200,000 as operating cash.
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