BRIEF-O-Net Tech Group says entered into agreement with vendor

April 24 (Reuters) - O-Net Technologies Group Ltd

:

* Acquisition Of 3SP Technologies

* O-Net Communications entered into formal agreement with

vendor

* Vendor has conditionally agreed to sell sold shares at

consideration of approximately US$19.2 million

* Deal for consideration of approximately US$19.2 million

* O-Net Communications has conditionally agreed to purchase

and vendor has conditionally agreed to sell sold shares

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