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Zhongtian Technology Invests Lithium Battery, PV Power Join our daily free Newsletter

SHANGHAI, Aug 14, 2013 (Menafn – SinoCast Daily Business Beat via COMTEX) –Jiangsu Zhongtian Technology announces that it solely invests additional CNY 100 million into Zhongtian Energy Storage Technology; the target’s registered capital rises from CNY 100 million to CNY 200 million after the capital injection. The company has invested CNY 185 million into the target and its holdings increase from 85% to 92.5%.

Zhongtian Energy Storage Technology is mainly engaged in R&D, production and sales of lithium batteries and sodium-sulphur batteries.

In addition, Jiangsu Zhongtian Technology plans to spend CNY 100 million building a wholly-owned unit, Zhongtian Photovoltaic Power (Rudong) Co
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