Domestic acquisition for solar power company

    August 26, 2011 | BY

    clpstaff &clp articles

    China Technology Solar Power (formerly known as Soluteck Holdings) (CTSP) has acquired the entire issued share capital in China Technology Solar Power…

    China Technology Solar Power (formerly known as Soluteck Holdings) (CTSP) has acquired the entire issued share capital in China Technology Solar Power Holdings (CTSPH) from Good Million Investments. CTSP paid HK$292 million (US$37.5 million), comprising HK$62.4 million in cash, issuing of shares worth HK$66.5 million and convertible bonds with the principal amount of HK$163.1 million. Good Million Investments was the privately-held owner of CTSPH.

    King & Wood advised Soluteck. A DLA Piper team led by Esther Leung, including Phil Lam and Yeti Ho, represented the seller.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]