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Comtech Group, Inc. Announces Pricing of Common Stock Offering.

PR Newswire

| April 24, 2007 | COPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SHENZHEN, China, April 24 /PRNewswire-FirstCall/ -- Comtech Group, Inc. , a provider of customized module design solutions for the electronics sector in China, today announced that it has priced a public offering of 5,500,000 shares of its common stock, at $17.50 per share, raising gross proceeds of approximately $73.3 million. Of these shares, Comtech is offering 4,400,000 shares and the selling stockholders are offering 1,100,000 shares. Comtech will not receive any proceeds from the sale of shares by the selling stockholders. Comtech and the selling stockholders have granted the underwriters an option, exercisable for 30 days, to purchase up to an additional 660,000 ...

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