USTC will buy MST China for RMB480M (around $78M)
Stcn.com 24 June 2013 Anhui USTC iFLYTEK Co., LTD announced plans to buy 100% shares of MST China and have signed the contract with all 29 shareholders. MST China is the provider of exam systems, service and data processing. In 2012, its revenue was RMB60M ($9.8M)...
Guess Executives Buy Top Los Angeles Retailer Wally’s Wine & Spirits
Winespectator.com 18 June 2013 Co-owner Christian Navarro and Marciano brothers buy store from founder Steve Wallace; sources say possible national expansion in the works. Wally’s Wine & Spirits, arguably one of Los Angeles’ top wine stores, is being...
State-owned fund RVC co-invests in Astrakhan IT Park
Marchmont News RVC, the Russian government’s fund of funds for innovation, and GK Pilot, a leading local systems integrator, have co-invested in “FABRIKA,” an IT park in the southern Russian city of Astrakhan. RVC’s involvement comes through its tributary...
Wright Medical to sell implants business to MicroPort for $290 million
Reuters 20 June 2013 Wright Medical Group Inc said on Wednesday it will sell its hip and knee implants business to a unit of MicroPort Scientific Corp for $290 million in cash. Wright’s OrthoRecon business generated about $269 million in revenue for 2012 and...