An announcement was made on January 27, 2009 by Xianggui Wang, president and founder of the Soundking Group Company Limited (www.soundking.com) of Ningbo, China, to confirm that it has acquired the assets, trademark and intellectual property of Cadac Electronics plc (www.cadac-sound.com) 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. www.soundking.com The purchase forms a ...

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