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Neusoft to Spend USD1.78mn on Aerotel 30.8% Shares
[April 22, 2011]

Neusoft to Spend USD1.78mn on Aerotel 30.8% Shares

BEIJING, Apr 22, 2011 (SinoCast Daily Business Beat via COMTEX) -- Neusoft Europe AG, a wholly-owned subsidiary under Chinese leading software developer Neusoft Corp. (SHSE: 600718), is to subscribe for 26,915 new shares issued by Aerotel Medical Systems(1998)Ltd.

In order to strengthen the advantageous status in the health service sector, the board of directors of Neusoft Corp. agreed the subsidiary to sign an equity purchase agreement with Aerotel Medical Systems to spend USD 66.02 a share or a total of USD 1.777 million purchasing 26,915 ordinary shares in Israel medical solution company Aerotel Medical Systems Ltd., making up 30.77% of the issued shares of the latter.

Established in 1998, Aerotel is a leading global manufacturer of modular, mobile and home based telemedicine and telecare solutions and its remote monitoring system can transfer essential medical and lifestyle data over the telephone, mobile phone, wireless, the Internet and other electronic media.

Neusoft will expand business for Aerotel to lift the latter's self-ability and help the latter to achieve the global development.

Source: (April 22, 2011)

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