- Total consideration will be $78 million, which will be paid in two installments, $10 million at closing and an additional $68 million on or before December 31, 2012.
- In the event the second installment payment is not made, title to the target companies will be transferred back to Cogo.
- Cross guarantees to banking institutions among the companies will be maintained, subject to approval by applicable banks, in order to maintain better financing terms for all the companies.
Cogo Announces Current Status Of The Proposed Acquisition Of Certain Cogo Subsidiaries By Chairman And CEO Jeffrey Kang
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