GCIS INTELLIGENCE BRIEFING: RADA Electronic Industries Signed Agreement to Sell Its Chinese Subsidiary

ISSUED BY: GCIS Communications Command Center

SOURCE: Defense Aerospace

16February2011 11:49amEST

GCIS INTELLIGENCE UPDATE: NETANYA, Israel --- RADA Electronic Industries Ltd. has announced today that its fully owned subsidiary, RADA Electronic Industries Inc., has signed an agreement, with a Beijing based company, to sell RADA Electronic Industries Inc. ownership interest in its Chinese subsidiary, Beijing HuaRai Aircraft Components Maintenance and Services Co., Ltd ("CACS"), in consideration for RMB 20,500,000 (approximately US$ 3,125,000).

The transaction, which is subject to the withdrawal of RADA Inc.'s local partner, Tianzhu Forest Development Co., from CACS and the receipt of certain approvals from the Chinese authorities, is expected to be completed during 2011.  (read full report)

 

 

 

"GCIS INTELLIGENCE UPDATE" is an intelligence briefing presented by Griffith Colson Intelligence Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, it's partners or affiliates. All opinions presented are those of the author, and not necessarily those of GCIS or it's partners.

GCIS INTELLIGENCE BRIEFING: General arrested in Taiwan’s biggest spy scandal in 50 years

ISSUED BY: GCIS Communications Command Center

SOURCE: intelNews.org

11February2011 8:29amEST

GCIS INTELLIGENCE UPDATE: A “tall, beautiful and chic” Chinese female operative, who held an Australian passport, appears to be behind Taiwan’s most serious espionage scandal in almost half a century, according to news reports.

The scandal centers on the arrest earlier this week of Major General Lo Hsien-che, who heads the Taiwanese military’s Office of Communications and Information.

Taiwanese prosecutors said that General Lo is the most senior Taiwanese official to be arrested on espionage charges since the early 1960s. (read full report)

 

 

 

"GCIS INTELLIGENCE UPDATE" is an intelligence briefing presented by Griffith Colson Intelligence Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, it's advertisers or affiliates. All opinions presented are those of the author, and not necessarily those of GCIS or it's partners.