is an American audio brand.
founded in 1986, AuraSound is a company listed on the OTC Board (Over the Counter Bulletin Board) in the United States.
its main business is the production and sales of micro-speakers, home stereos and other audio products. it has more than 2 patents and 7 trademarks in the field of high-end Hi-Fi audio and micro-speakers, and its products are mainly sold to China, the United States and Japan.
Extended information
In p>218, Guangzhou Guoguang Electric Appliance Co., Ltd. (245.SZ hereinafter referred to as "Guangzhou Guoguang") announced that the board of directors of the company had reviewed and approved the intention to purchase AuraSound, an American micro-audio manufacturer, and GGEC America Inc, a subsidiary of Guangzhou Guoguang in the United States, would spend US$ 3 million to acquire about 55% equity or voting rights of AuraSound.
Guangzhou Guoguang said that before the investment was implemented, AuraSound reduced its existing share capital to about 4.93 million shares at a ratio of 6: 1, and then issued new shares to the company's American subsidiaries.
The company invested US$ 3 million in its American subsidiary to subscribe for about 6 million shares of common stock newly issued by AuraSound, and the board of directors of the company will sign a letter of intent for acquisition in the near future. However, the final acquisition agreement can only be implemented after it is approved by the board of directors of Guangzhou Guoguang and submitted to the overseas investment examination and approval authority of China.
China News Network-Guangzhou Guoguang plans to purchase a majority stake in AuraSound, a US micro audio manufacturer.