Welback in talks of acquiring shareholdings of a WCDMA technology company

Welback Holdings (0491) said it was now in talks with an independent third investor over acquiring the shareholding of a company, which was mainly engaged in developing WCDMA technology and selling related system networks and products. However, no final terms or agreements had been reached for the time being. It should be released according to the rules if any progress was made.  

Except for what mentioned above, the company was not aware of the reason for the decrease of its stock price and turnover, neither did it have any acquisition or sales undergoing, which were needed to be released according to the rules.

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