HONG KONG, Nov. 8, 2010 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation ("CTDC", the "Company" or "we") (Nasdaq:CTDC), a growing clean energy group based in China to provide solar energy products and solutions, announced today that CTDC has entered into a Stock Purchase Agreement (the "SPA") with Linsun Renewable Energy Corporation Limited ("LSR") and its stockholders, Goldpoly Company Limited ("Goldpoly") and Mr. Liao Lin-Hsiang, to acquire 100% equity interest in LSR and its wholly owned subsidiary - Linsun Power Technology (Quanzhou) Corp. Ltd. ("LSP") at a consideration of US$3.2 million, payable in shares of CTDC's common stock at a price of US$3.01 per shares. Upon completion, LSP will become a wholly-owned subsidiary of CTDC.
CTDC Enters Into Agreement To Acquire A Solar Modules Manufacturer
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