Domestic acquisition for solar power company

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    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.

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