Beginnings of Solar Build out: CTDC to acquire grid + 28% on the day
NASDAQ/CTDC: announces that they have entered into a Stock Purchase Agreement with China Technology Solar Power Holdings Limited and its direct and indirect shareholders to acquire a 51% equity interest and become the major shareholder of CTSPHL Group. CTSPHL Group, through its wholly-owned subsidiary, is developing a 100MW grid-connected solar power plant project located in Delingha City of Qaidam Basin in Qinghai Province, Northwestern China. Upon closing of the acquisition, the Company and CTSPHL Group will jointly develop the Delingha 100MW Solar Project.
China Technology Development Group Corporation provides solar energy products and solutions focusing on amorphous silicon (a-Si) thin film technology in the People’s Republic of China. It offers SnO2 TCO base plates, transparent conductive oxide substrates used as an electrode of amorphous thin film solar modules to help trap light into the amorphous silicon layer and maximize its efficiency. It serves producers of a-Si thin film modules. China Technology Development Group Corporation sells its products through direct sales personnel. The company was formerly known as Tramford International Limited and changed its name to China Technology Development Group Corporation in November 2005. China Technology Development Group Corporation was founded in 1995 and is headquartered in Central, Hong Kong