Shenzhen Stock Exchange, 1/05/11
Beijing-based network security products provider Venustech (002439.SZ) announced today that the board of directors had approved a plan to use its cash reserves and a non-public share offer to acquire Beijing-based Internet security service provider Lenovo Net Defense Science and Technology (a.k.a. LeadSec). Venustech will undertake an initial audit and valuation of Lenovo Net Defense's assets. Upon completion of this stage, it will finalize its position, and release an appropriate share offer to acquire Lenovo Net Defense.