TXIC Stock UPDATES Tongxin International Ltd. (TXIC) 0.1690 10/22/2014
Post# of 273217
Arbitration Tribunal Panel Awards Tongxin International $1.4M Against Ex-CFO Jackie Chang in Embezzlement Case
Marketwire - Tue Aug 19, 8:01PM CDT
A panel of three arbitrators of the American Arbitration Association, International Centre For Dispute Resolution, International Arbitration Tribunal denied all claims brought by Jackie Chang, former CFO of Tongxin International, Ltd. (PINKSHEETS: TXIC), finding that Chang received payment of all compensation that she was entitled to under her employment contract with the company, and that Chang's claims regarding wrongful termination, whistleblower and a violation of public policy were without merit. The arbitration panel found in favor of the company on all of its claims that Chang embezzled funds and paid herself unauthorized compensation. The panel further awarded the company reimbursement of administrative fees, for a total award in the amount of $1,393,000.00.
Michigan Jury Awards Tongxin Int'l $6.85M Verdict Against Ex-CEO Rudy Wilson in Embezzlement Case
Marketwire - Tue Aug 19, 8:01PM CDT
A jury in Oakland County Circuit Court, Pontiac, Michigan USA returned a verdict in the matter of Rudy Wilson vs. Tongxin International, Ltd. (PINKSHEETS: TXIC) denying all claims by Wilson, its former Chairman of the Board and CEO, for breach of contract, violation of public policy and restriction on stock, and finding in favor of the company on its claims of embezzlement, breach of fiduciary duty and breach of contract in the amount of $6,846,000.00.
Snowy August Management LLC: Shareholders of Tongxin International Request Meeting of Shareholders
GlobeNewswire - Thu Aug 15, 11:11PM CDT
Snowy August Management LLC today announced that shareholders of Tongxin International Ltd. (OTC:TXIC) have requested a meeting of shareholders pursuant to Section 82 of the BVI Business Companies Act.
Tongxin International Announces Corporate Restructuring
Marketwire - Mon Apr 08, 7:01AM CDT
Tongxin International Ltd. (PINKSHEETS: TXIC), a China-based manufacturer of engineered vehicle body structures ("EVBS" and stamped parts for the commercial automotive industry, today announced that its Chairman, Zhang Duanxiang, will be assuming the added roles of Chief Executive Officer and Chief Administration Officer of Tongxin International. Zhang Duanxiang will be replacing William Zielke as CEO. Mr. Zielke has also resigned from the Board of Directors effective April 9, 2013.
Tongxin International Provides Summary of Unaudited Financial Results for the Year Ended December 31, 2012
Marketwire - Thu Feb 21, 7:00AM CST
Tongxin International Ltd. (PINKSHEETS: TXIC), ("the Company" , a China-based manufacturer of engineered vehicle body structures ("EVBS" and stamped parts for the commercial automotive industry, today announced its summary of unaudited, preliminary financial results for the year ended December 31, 2012.