We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Technology Development Grp. Corp. (MM) | NASDAQ:CTDC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.38 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION
|
||||
(Translation of registrants name into English) | ||||
Unit 10-11, 10/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong | ||||
(Address of principal executive office) |
||||
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [ x ] Form 20-F [ ] Form 40-F | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ] | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ] | ||||
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [ x ] No | ||||
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
SALE AND PURCHASE AGREEMENTS RELATING TO SHARES OF CHINA MERCHANTS NEW ENERGY HOLDINGS LIMITED China Technology Development Group Corporation (Nasdaq: CTDC; “we” or "the Company") announced that China Green Holdings Limited (“CGHL”), one of our wholly-owned subsidiaries, has entered into two Sale and Purchase Agreements with respect to transfer of certain shares of China Merchants New Energy Holdings Limited (the “CMNE Holdings”) held by CGHL. On May 14, 2012, CGHL entered into a Sale and Purchase Agreement concerning 9% of the issued share capital of CMNE Holdings with Profit Icon Investments Limited (“Profit Icon”) and Goldpoly New Energy Holdings Limited, which is listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Listco”). Pursuant to the agreement, on the terms and subject to the conditions set forth therein, Profit Icon agreed to acquire and CGHL agreed to sell the CMNE Holdings shares for consideration of HK$21,600,000 to be satisfied by the allotment and issuance of 22,905,621 Listco shares to CGHL or its nominee(s) (the “Consideration Shares”). The Consideration Shares represent approximately 2.6% of the issued share capital of the Listco after giving effect to the transactions contemplated by the Sale and Purchase Agreement. Also on May 14, 2012, CGHL entered into a separate Sale and Purchase Agreement with Hyatt Servicing Ltd. ( “Hyatt”). Pursuant to the agreement, on the terms and subject to the conditions set forth therein, Hyatt agreed to acquire and CGHL agreed to sell another 24 shares of CMNE Holdings, representing 6% of the issued share capital of CMNE Holdings, for consideration of HK$14,400,000 in cash. Upon completion of the transactions contemplated by the two Sale and Purchase Agreements, our indirect shareholding in CMNE Holdings will decrease from 25% to 10%.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION | ||
Date: May 16, 2012 | By: |
Alan Li
|
Name: | Alan Li | |
Title: | Chief Executive Officer | |
1 Year China Technology Development Grp. Corp. (MM) Chart |
1 Month China Technology Development Grp. Corp. (MM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions