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Article Excerpt
Pypo China Holdings Limited ("Pypo") (OTC:MKGD (OTC:MKGBU (BULLETIN BOARD: MKGD, MKGBB, MKGBW, MKGDW, MGKDU, MKGBU) , which operates a nationwide wireless communication products distribution and retail network in China, has entered into a definitive agreement to acquire Shanghai Xieheng Telecommunications Equipment Co., Ltd. ("Xieheng"). Xieheng operates over 200 mobile phone retail stores in Shanghai, Chongqing, Guangdong, Shandong, Jiangsu, Zhejiang, Anhui and Hunan provinces in China. After the completion of the acquisition, Pypo will operate a nationwide mobile communication product retail network of nearly 430 retail stores...
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