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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who started this subject	5/8/2003 9:12:48 PM
From: Julius Wong	of 1992

Hartcourt Acquires GuoWei Group, a Major PC Retailer and Distributor in Shanghai LOS ANGELES, May 8 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today announced that it has signed a definitive agreement to purchase 45 percent of Shanghai GuoWei Science and Technology Ltd., www.guowei.com.cn , a major PC retailer and distributor based in Shanghai, China. Furthermore, Hartcourt has obtained a voting proxy for an additional 10 percent of outstanding shares of GuoWei to effectively control the Board of Directors. biz.yahoo.com

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