hier die entsprechende passage:
zu control tech:
As a result of our business decision to move away from the IT distribution business, in September 2006, we entered into a definitive sales and purchase agreement to sell our interest in Besteffort Investments Ltd (“Besteffort”). In October 2006, the Company has completed the transfer of legal ownership of Bestefffort to the purchaser. The Company already received $200,000 selling consideration and the rest balance of $100,600 net is expected to be received not later November 30, 2007. Prior to this sale, Besteffort Investments Ltd held indirectly 90% equity interest in Shanghai Control Tech, which was the distributor of Radvision video conference products in China. Shanghai Control Tech ceased its operations on January 1, 2006 primarily because Radvision terminated its distribution agreement with it. The revenue of Shanghai Control Tech was derived almost exclusively from the Radvision business.
zu huaqing:
We have entered into a nonbinding Memorandum of Understanding (the "MOU") to sell our 51% interest in Shanghai Huaqing Corporation Development Co., Ltd. The MOU is nonbinding, subject to execution of a definitive agreement, and subject to the receipt of required third party consents and approvals. The contemplated purchase price is US$525,491. In addition, a shareholder of Huaqing Shanghai will return 997,550 shares of our common stock to the individual or entity designated by us. This sale, if consummated, will complete our transition from the information technology distribution business to the business of operating vocational and technical educational schools.
AI
