China TransInfo Closes 'Going Private' Transaction

China TransInfo, 11/01/12

Beijing-based public transportation information systems provider China TransInfo Technology (Nasdaq: CTFO) announced today the completion of a its previously announced merger agreement that has resulted in the company no long being listed on the Nasdaq exchange. In accord with the merger agreement, TransCloud Company Limited, a Cayman Islands exempted company with limited liability and indirectly wholly owned by Xia Shudong (Parent), has taken complete ownership of the company through TransCloud Acquisition, Inc., a Nevada corporation and a wholly owned, direct subsidiary of the Parent.

Editor's Note: For more background on this topic, please see "China TransInfo Shareholders Approve 'Going Private' Proposal" MD 10/30/12 issue and "China TransInfo Files Proxy Statement, Prepares to Go Private" MD 9/25/12 issue.

Keywords: China TransInfo Technology hardware software CTFO Xia Shudong TransCloud Company M&A intelligent transportation systems

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