Socius Capital Group reported 2.2 million shares or 9.9% passive stake in Zoom Technologies Inc (ZOOM), according to the SEC 13G filing on November 9th. According to the file, Socius Capital Group continued making the purchase after it passed the 5% threshold on November 3rd, so the firm might get an average price of $1.9 per share. ZOOM is now trading at $1.71, losing about 62% in 2011.
Socius Capital Group was incepted in 2009. It’s a private equity firm focusing on life sciences, healthcare, energy, natural resources, media, social media, technology and special situations. The firm mainly takes passive positions in U. S., European, Australian and Asian markets directly to small-cap public companies with market capitalizations below $2 billion. The firm is not a hedge fund and it’s not open to outside partners.
According to Yahoo! Finance, “Zoom Technologies, Inc., through its subsidiaries, operates as a technology company that engages in electronic and telecommunication product design, development, and manufacturing.” The company mainly provides electronic manufacturing services (EMS) for original equipment manufacturer (OEM) customers. The company markets its products in China. The company was founded in 1999 and is headquartered in Beijing, China.