China TransInfo Technology (CTFO US)

China TransInfo Technology Corp. provides intelligent transportation systems (ITS) and related technology solutions for the transportation industry in China.

China Transinfo Technology went private in 2012 with funding from China Development Bank. It was sued for breaching its fiduciary duties by failing to adequately shop the company and maximize shareholder value when it offered a buy back for $5.65 per share. It is now listed in the Shenzhen exchange (2373.SZ)

 

China Transinfo Technology: 2010 Annual Report, 29 Mar 2011

Business Wire: The Law Firm of Levi & Korsinsky, LLP Announces Investigation of China TransInfo Technology Corp. in Connection with the Proposed Sale of the Company to its Chairman and CEO, 22 Feb 2012

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