Cantronic Provides Corporate Updates
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/16/12 -- Cantronic
Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS) is
pleased to provide Corporate updates in reorganization of corporate
structure and change of Board of Directors.
The Company decided to transfer its 100% equity ownership in
Actiontop Security Co. Ltd. ("Actiontop Security") which is held by
the Company's wholly owned subsidiary, Cantronic Security Systems
(China) Co., Ltd. in Shanghai, China ("CSSC") to the Company's other
wholly owned subsidiary, Actiontop Electronic (Shenzhen) Co., Ltd. in
Shenzhen, China ("Actiontop Shenzhen"). After this reorganization,
Actiontop Security will become a wholly owned subsidiary of Actiontop
Shenzhen. Since Actiontop Security and Actiontop Shenzhen are both in
Shenzhen, China, the Company believes this reorganization will
improve the management effectiveness.
The Company also announced that Ms. Tangya Yang has resigned from
Board of Directors for personal reasons. We thank Ms. Yang for her
services to the Board and the Company.
About Cantronic Systems Inc.
Cantronic Systems Inc. manufactures, distributes, and provides
high-speed and digital networked video surveillance solutions to
government and corporate customers in China. For more information,
please visit our website at www.cantronicsecurity.com and
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cantronic Systems Inc.
Chief Executive Officer
604-516-6667 ext 228
Press spacebar to pause and continue. Press esc to stop.