Wanjiale holds 20% stake of new Thermaltake Optical

Wanjiale holds 20% stake of new Thermaltake Optical




The tender offer is conducive to solar power companies to enter the emerging industries, and promoting the company's photovoltaic power inverters and the development of new energy producing home appliances in line with national industrial policy direction and corporate development strategies.



MACRO's announcement that January 15, 2010 and the Guangzhou New Holding Group Co., Ltd. (hereinafter referred to as "three new holding") in Foshan City Shunde District, signed the "Equity Transfer Agreement", have agreed to 2.8568 million yuan transferee 3 new holding held by the Guangdong Yao Optoelectronics Co., Ltd. (hereinafter referred to as the "new Thermaltake Optical"), 20% of the shares. The share transfer, the MACRO will hold a 25% stake in the new Thermaltake Optoelectronics, the transferee's new Thermaltake photoelectric corresponding to a 20% stake in the unpaid amount of 5.1432 million yuan invested, will be to continue to fulfill the remaining funding Wanjiale obligations.



Yao is a new third-generation optical high-condenser type (HCPV) solar power modules and power generation systems development, design and industry into a major business direction of the high-tech companies, on July 1, 2009 incorporated registered capital of 40 million yuan, three new holding, holds 70% stake in its natural capacity to hold 25% stake in Ray, Wanjiale holds 5% stake. Main business components, including solar photovoltaic research and development, procurement, production and sales; photovoltaic power generation systems engineering integration, photovoltaic applications and supporting equipment, research, manufacturing, sales and after-sales service; goods, import and export, technology import and export.



As of December 31, 2009, the new total assets of 8,277,909.66 yuan Yao photoelectric, total liabilities 562,290.05 yuan, net assets of 8,840,199.71 yuan, the total amount of receivables to 0 million; the company's 2009 revenues of 0 million operating profit for the loss of 515,827.81 yuan; net loss of 515,827.81 yuan; cash flows generated from operating activities net -7641575.43 yuan. The share transfer, the three new holding to hold the new 50% stake in Optical Yao, Yao Wanjiale to hold the new 25% stake in Optical. The new Thermaltake photoelectric Wanjiale transferee of the shares corresponding to 20% of the unpaid amount invested 40 million yuan × 20% × (1-35.71%) = 514.32 million, by the Company to continue to fulfill the remaining obligations under funded.





MACRO said that in recent years as the country to develop solar and other renewable energy sources, domestic demand for photovoltaic power inverter surge began. According to the national "renewable energy development and long-term development planning," in 2011 to 2020 average annual demand for solar power generation installed capacity is expected to reach 15 million kilowatts, according to the current 3.5 per unit PV inverter / W, is estimated to 2011 to 2020, annual market capacity of the domestic market for more than 500 million yuan.



PV inverter industry in China is still an emerging industry, mainly by the universities for research. MACRO-owned subsidiary SUNTEN Co., Ltd. (hereinafter referred to as "SUNTEN") is currently carrying out photovoltaic inverter, by virtue of the transmission and distribution areas of technology and engineering experience accumulated quickly cut into the PV inverter device industry, and strive to seize the market opportunities, cultivating new market growth. The new dazzle in HCPV solar photovoltaic modules and power generation systems technology and techniques, will be SUNTEN PV inverter technology projects to achieve good docking and sharing, and promoting SUNTEN photovoltaic inverter technological breakthroughs and rapid industrialization. At the same time, once the new third-generation high-Yao optical condenser type (HCPV) solar power modules and power generation systems, technology and processes mature, fully-owned subsidiary of another may be related to Wanjiale Gas Appliance Co., Ltd. Guangzhou Macao Kitchen & Bath household electrical appliances generate docking, thus effectively promote new energy appliances Wanjiale R & D and industrialization.





According to Wanjiale said the new dazzle in high-concentrator solar photovoltaic power generation module R & D and industrial production in the domestic leading position, this tender offer is conducive to companies to enter the emerging solar power industry will help promote the company's PV inverter and new energy R & D production of home appliances in line with the national industrial policy direction and corporate development strategies.



To learn more about power inverter, please visite http://www.szpowerinverter.com/ and http://www.bestekltd.com/, or mail to sale38@0102.cn.