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AuraSound Inc & GuoGuang Electric Co Ltd	Update Date: 11/04/08
Date Announced: 10/09/08
Value (million $USD): 3.0 million U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	10/09/08
Date Originally Announced	10/09/08
Format	Acq. Maj. Int.	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	3.0 million U.S. Dollar	Advisor Fees	n/a

SYNOPSIS
US - GuoGuang Electric Co Ltd planned to acquire a 55% interest in AuraSound Inc, a manufacturer and wholesaler of electric equipment, from Hemcure Inc, for $3 mil.

TARGET
Name	AuraSound Inc
Industries	Electronic components, nec
City	Santa Fe Springs
State	CA
Nation	United States
Incorporated in	n/a
Public Status	Subsidiary
Business Description	AuraSound Inc, located in Santa Fe Springs, California, manufactures high sound pressure level (SPL), bass-rich, low distortion sound from compact acoustic transducers. The company was founded in 1990.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	GuoGuang Electric Co Ltd (Shenzhen : 002045)
Industries	Electrical and electronic repair shops, nec
City	Chengdu
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	GuoGuang Electric Co Ltd, located in Guangdong, manufactures and wholesales electronic component and hi-fi equipment for audio engineering. Other activity includes provision of its related services. The company was founded in 1958.
Advisors	NULL
Acquiror Sales	127.9 million U.S. Dollar 875.7 million Chinese Yuan

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