[May 20, 2013] Yangtze Communication to Gear Up in Compass Navigation Tweet WUHAN, May 20, 2013 (SinoCast Daily Business Beat via COMTEX) -- Wuhan Yangtze Communication Industry Group Co., Ltd. (SHSE: 600345) aimed to gear up in the Compass navigation market by making full use of opportunity generated by commercialization of Compass system, after effective controller changed to Fiberhome Telecommunication Technologies Co., Ltd. (SHSE: 600498), according to information from its shareholder meeting. Yangtze Communication has four products selected in the list for second-group auto-borne terminals of Compass system declared by the official website of the Ministry of Transport. New general manager of Yangtze Communication pointed out that there is good opportunity for the company to expand related business, with the commercialization of Compass system, which will gradually take the place of imported GPS system. Source: www.cnstock.com (May 20, 2013) [ Back To TMCnet.com's Homepage ]