An announcement was made on January 27, 2009 by Xianggui Wang, president and founder of the Soundking Group Company Limited ( of Ningbo, China, to confirm that it has acquired the assets, trademark and intellectual property of Cadac Electronics plc ( with immediate effect. Under the ownership of Soundking Group, all 25 Cadac employees are being retained, with R&D and production continuing to be based in the UK. The purchase forms a ...

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