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 Tracking 1267 U.S. listed China Stocks and Counting...
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 Renewable Energy Trade (NASDAQ:EBOD)

Friday, February 1, 2013
Investor Alert

HONG KONG, Feb. 1, 2013 (GLOBE NEWSWIRE) -- Renewable Energy Trade Board Corporation, formerly known as China Technology Development Group Corporation (Nasdaq:EBOD) ("we" or the "Company"), a fast growing clean energy group in China based in Hong Kong, today announced that it intends to voluntarily delist its common stock from the Nasdaq Stock Market and deregister the Company as a reporting company with the Securities and Exchange Commission (the "SEC").

The Company has notified the Nasdaq Stock Market of its intent to voluntarily delist its common stock from the Nasdaq Capital Market and will file a notice on Form 25 relating to the delisting of its common stock with the SEC on or about February 11, 2013, but no earlier than February 11, 2013. The Company expects that the trading of its common stock on the Nasdaq Capital Market will be suspended on the date the Form 25 is filed, with the official delisting of the Company's common stock becoming effective ten days thereafter. Simultaneously with the effectiveness of delisting, the Company plans to file a Form 15 with the SEC to terminate its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Upon the filing of the Form 15, the Company's obligations to file certain reports with the SEC, including Form 20-F and Form 6-K, will immediately be suspended. The Company expects that the deregistration of its common stock will become effective ninety days after the date the Form 15 is filed. The deregistration of the Company's common stock is subject to the SEC's review.


Monday, December 10, 2012
Research

Premium alert sent to members on 12/10/2012

Renewable Energy Trade (NASDAQ:EBOD) shares (previous symbol CTDC) have risen sharply in recent trading sessions. The stock closed at $1.68 on November 27, 2012 and now trades around $4.00 after hitting a high of $4.39 on December 6, 2012. On November 29, 2012 we noticed the company issued a 6K regarding the sale of its ownership interest in a solar power project (asset) held by China Green Holdings Limited, one of its subsidiaries. The interest was sold to Goldpoly, an HK listed company.

Here is a November 29, 2012 summary we originally provided to GeoInvesting premium members as we delved deeper into the story:

In a 6K filed yesterday, Renewable Energy Trade (NASDAQ:EBOD) describes a transaction from one of its subsidiaries. The asset sale from China Green Holdings Limited (“China Green”), a wholly-owned subsidiary looks to be valued at $25.8 million ($10.3 million in cash). Based on the company’s outstanding share count of 2.2 million the cash portion of the deal alone is worth $4.54 per share. We asked Bob to look into the matter.

Please see the rest of our report here.

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Friday, December 7, 2012
Research

Here is a November 29, 2012 summary we originally provided to Geoinvesting.com premium members as we looked deeper into the story:

In a 6K filed November 28, 2012, Renewable Energy Trade (NASDAQ:EBOD) describes a transaction from one of its subsidiaries. The asset sale from China Green Holdings Limited (“China Green”), a wholly-owned subsidiary looks to be valued at $25.8 million ($10.3 million in cash). Based on the company’s outstanding share count of 2.2 million the cash portion of the deal alone is worth $4.54 per share. We asked Bob to look into the matter. His initial findings are:

  •  Verified the transaction
  •  Verified the projects that EBOD is involved with

A challenge in this story is that EBOD has not released any financial information since the release of a 2011 20F. The 20F showed that the company grew sales by 21% to RMB 65 million ($10.3M) but net loss increased by 82% from RMB 35 million ($8.1M) to RMB 64.6.2 million ($10.2M). The cash balance declined from RMB 14 million ($2.1M) to RMB 5.35 million ($0.85M) and experienced a huge jump in inventories from RMB 6.8 million ($1M) to RMB 119.6 million ($19M). The company had shareholder equity of RMB 58.8 million (USD 9.3 million).

Since we do not have insight into EBOD’s most recent financial data, it is hard for us to give a reasonable value to EBOD. However, as the general investor can imagine, we regard that the transaction with Goldpoly can absolutely increase the EBOD’s cash balance and assets. This may help EBOD to jump-start its new business.


Wednesday, November 28, 2012
Deal Flow

6K filed on 11/28/2012

CHINA GREEN ENTERED INTO THE SALE AND PURCHASE AGREEMENT REGARDING SALE OF ITS
ENTIRE EQUITY INTEREST IN CHINA MERCHANTS NEW ENERGY HOLDINGS LIMITED

Renewable Energy Trade Board Corporation, formerly known as China Technology Development Group Corporation (Nasdaq: EBOD; “we” or "the Company"), a fast growing clean energy group in China based in Hong Kong, today announced that on November 22, 2012, China Green Holdings Limited (“China Green”), a wholly-owned subsidiary of the Company, together with China Merchants New Energy Group Limited (“CMNEG”), Ease Soar Limited (“Ease Soar”), Talesun Solar Hong Kong Limited (“Talesun”), Hyatt Servicing Limited (“Hyatt Servicing”) and Sino Arena Investments Limited (“Sino Arena”) (China Green, CMNEG, Ease Soar, Talesun, Hyatt Servicing and Sino Arena, collectively the “Vendors”), entered into a sale and purchase agreement (“Sale and Purchase Agreement”) with Profit Icon Investments Limited (“Purchaser”) and Goldpoly New Energy Holdings Limited (“Goldpoly”), pursuant to which the Vendors will sell their entire interest in China Merchants New Energy Holdings Limited (“Target Company”), representing approximately 92.17% of the issued share capital of the Target Company to Purchaser for an aggregate consideration of approximately HK$2,119,910,000 (subject to adjustment) (“Consideration”) on the terms and subject to the conditions set out in the Sale and Purchase Agreement. Upon the completion of the transactions contemplated under the Sale and Purchase Agreement (“Completion”), the Target Company will become a wholly-owned subsidiary of the Purchaser.

Pursuant to the Sale and Purchase Agreement, among other things, the Consideration will be payable to the Vendors or their nominees (if applicable)
proportionately with reference to their respective interest in the Target Company and will be satisfied by (i)issue and allotment of 959,462,250 shares of
HK$0.10 each in the capital of Goldpoly credited as fully paid at HK$1.00 each (“Consideration Shares”) to the Vendors; and (ii)issue of convertible bonds in a total principal amount of HK$1,160,447,750 convertible into shares of Goldpoly at the initial conversion price of HK$1.00 each conversion share (“Consideration CB”) to the Vendors, of which Consideration CB in the principal amount of HK$847,964,000 will be subject to escrow arrangement to secure the profit guarantee of the Target Company for the three financial years from 1 January 2013 up to 31 December 2015.

China Green, as one of the Vendors holding 8.69% of the issued share capital of the Target Company, expects to receive HK$199,870,000 as consideration of the sale of its entire interest in the Target Company, which will be satisfied by (i)allotment and issue of 39,974,000 shares of Consideration Shares to China Green or its nominee; and (ii)issue of Consideration CB in a total principal amount of HK$159,896,000 to China Green or its nominee, of which the Convertible Bonds in the principal amount of HK$79,948,000 shall be delivered to an escrow agent pursuant to the escrow arrangement contemplated under the Sale and Purchase Agreement.

The Consideration Shares which China Green anticipates to receive shall not be sold, transferred, or otherwise disposed of, or created any encumbrances on, whether directly or indirectly, during the period of twelve months after the date of Completion. The Consideration CB will mature on the fifth anniversary of the issue date, bearing no interest, convertible at the initial conversion price of HK$1.00 each share during the conversion period. For the Convertible Bonds in the principal amount of HK$79,948,000 to be delivered to an escrow agent, the conversion period will commence from the release date and ending on the maturity date. For the rest of the Convertible Bonds, the conversion period will commence from the day immediately after the end of the first anniversary of the issue date and ending on the maturity date, subject to the terms and conditions under the Consideration CB instrument.

The Completion of the transactions contemplated by the Sale and Purchase Agreement is conditional upon fulfillment (unless waived) of a number of conditions precedent, including but without limitation to, the shareholders’ approval of Goldpoly, the permission granted by the regulatory bodies and a deed of indemnity executed by the Vendors in favour of the Purchaser and Goldpoly.

The forgoing descriptions do not purport to be a complete description of the terms and conditions of the Sale and Purchase Agreement and the transactions thereby. For more details, the Company’s shareholders are urged to read the announcements, filings and circulars which Goldpoly made or will make public from time to time on the website of the Hong Kong Stock Exchange.


Wednesday, October 24, 2012
Share Structure

HONG KONG, Oct. 24, 2012 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("we" or "the Company") today announced the change of its name to Renewable Energy Trade Board Corporation and the implementation of a 1-for-10 reverse split of its common stock. The name change and the reverse stock split will become effective on Wednesday, October 24, 2012, upon receipt of the approval by the registrar of British Virgin Islands of the Company's amended and restated Memorandum of Association effecting these changes. The Company's common stock will begin trading on The Nasdaq Capital Market under the new symbol "EBOD" and on a split-adjusted basis when the market opens on Thursday, October 25, 2012. In addition, the Company's common stock will begin trading at such time under a new CUSIP number (G7495T 106).

Both the name change and reverse stock split were approved by the Company's shareholders at the 2012 annual general meeting of shareholders (the "2012 AGM") held in Hong Kong on September 28, 2012. The Company's board of directors (the "Board of Directors") was authorized to implement a reverse stock split and determine the ratio of the split within a range of not less than 1-for-2 and not greater than 1-for-10. The Board of Directors has determined to fix the ratio for the reverse stock split at 1-for-10.


Tuesday, January 17, 2012
Comments & Business Outlook

HONG KONG, Jan. 17, 2012 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or the "Company"), a growing clean energy group that provides solar energy products and solutions, based in Hong Kong with sales offices in Milan and Frankfurt, and facilities in China announced today that a three-year cooperation framework ("the Framework") to develop solar projects in the United States and China has been signed among CTDC, CTDC's wholly-owned subsidiary Sinofield Group Ltd. ("Sinofield"), GCL-Poly Energy Holdings Limited ("GCL-Poly")'s subsidiary GCL-Poly Investment Limited ("GCL-Poly Investment"), and China Merchants Group's subsidiary China Merchants New Energy Group Limited ("CMNE"). Present at the ceremonial signing session were, among others, Yuning Fu, Chairman of China Merchants Group ("CMG"), Gongshan Zhu, Chairman of the Boards and CEO of GCL-Poly, and Alan Li, Chairman of the boards and CEO of CTDC/Director of Sinofield.

As the world's leading producer of polysilicon, GCL-Poly has interests in over 21 power plants, including a wind power plant, a 20 MW solar farm in China, and several solar farms operating in the USA. In addition, its two solar parks in the total of 84 MW are currently under construction in the USA.

With a 140 year history, CMG is a forerunner in China's national industry and commerce. At the end of 2010, CMG's total assets were about US$50 billion; CMG's net profit was about US$1.9 billion, ranked the ninth among China's state-owned enterprises. Through its subsidiaries, CMG boasts having largest existing, in-progress and proposed warehouse rooftop area available in China, with more than three million square meters to develop solar infrastructure. Zhenwei Lu, Executive President of CMNE, said, "We aim to bring a steady supply of solar electricity to our logistics and industrial zone operations, as an innovative solution to upgrade our traditional structure and lead in low carbon development in China."

Pursuant to the Framework, GCL-Poly and CTDC will jointly develop and invest in solar parks in the USA. In addition, GCL-Poly is to assist CTDC in investing solar parks that are in operation or being installed in the USA. 

As a part of the Framework, Sinofield will be the only platform for CMNE to invest into China's rooftop solar development, with name change to "China Merchants New Energy Holdings Company Limited" after Sionfield's completion of capital increase. GCL-Poly will contribute to 20% of Sinofield's increased share capital with HK$48 million (equivalent to US$7.5 million).  Simultaneously, CMNE will inject into Sinofield with exclusive rooftop solar development rights of at least 180 MW, amounting to 55% of Sinofield's increased capital. The exclusive solar development rights in place are mainly comprised of CMNE's 25 years of exclusive development rights to the warehouse rooftops of three enterprises of CMG


Monday, December 12, 2011
Investor Alert

HONG KONG, Dec. 12, 2011 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or the "Company"), a growing clean energy group that provides solar energy products and solutions, based in Hong Kong with sales offices in Milan and Frankfurt, and facilities in China today announced that CTDC received a notice from The NASDAQ Stock Market stating that the closing bid price of the Company's common stock was below $1.00 per share for 30 consecutive business days and that, as a result, the Company no longer meets The NASDAQ Capital Market's minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2).

The notice of noncompliance has no immediate effect on the listing or trading of the Company's common stock on The NASDAQ Capital Market. Under the Listing Rules, the Company has 180 calendar days, or until May 29, 2012, to regain compliance. If at any time before May 29, 2012 the closing bid price of the Company's common stock is at least $1.00 for a minimum of 10 consecutive business days, the Company will regain compliance with the minimum bid price requirement and the matter will be closed. In the event the Company does not regain compliance by May 29, 2012, the Company may be eligible for an additional 180 calendar day grace period, provided that the Company meets all initial listing standards for The NASDAQ Capital Market other than the minimum bid price requirement.


Thursday, October 13, 2011
Comments & Business Outlook

HONG KONG, Oct. 13, 2011 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or the "Company"), a growing clean energy group that provides solar energy products and solutions, based in Hong Kong with sales offices in Milan and Frankfurt am Main, announced today that the Company's subsidiary, China Merchants Zhangzhou Development Zone Trendar Solar Tech Ltd. ("Trendar Solar"), celebrates the signing of 10.8MW Goldpoly On-Grid Rooftop Solar PV ("Project") contract as the turnkey project contractor.

The Project is located at the Jinjiang Economic Development Zone, with total construction cost of RMB164 million. China's Ministry of Finance has granted a subsidy of RMB 97.2 million for the Project under the Golden Sun Program. The Project will cover the 100,000 square meter rooftop space of Goldpoly's facility. Annual solar electricity generation is expected to be approximately 10,000,000 kilowatt-hours, with annual displacement of 10,000 metric tons of carbon dioxide.

The contract was signed between Trendar Solar and Goldpoly (Quanzhou) Science and Technology Industry Co., Ltd, a subsidiary of Goldpoly New Energy Holdings Limited (HKSE:0686) ("Goldpoly") on October 12, 2011 in Hong Kong. Trendar Solar will be responsible for turnkey project management, including engineering design, construction, installation, procurement, operations and maintenance of the Project, which is due to be completed by June 2012.


Monday, October 10, 2011
Comments & Business Outlook

HONG KONG, Oct. 10, 2011 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or the "Company"), a growing clean energy group that provides solar energy products and solutions, based in Hong Kong with sales offices in Milan and Frankfurt, announced today that the Company has participated in the development of a 4.8MW solar farm ("LUNETTA") in Ravenna, Italy and the solar farm has successfully completed grid interconnection to the local utility.

CTDC's subsidiary Linsun Renewable Energy ("Linsun") signed a participation contract with a local Italian developer in July 2011, to jointly develop LUNETTA. Linsun takes part in LUNETTA's development, engineering design and solar panel supply under the "LSP" brand, as well as technical support for installation and maintenance.

"LUNETTA brings clean energy and economic development to Ravenna," Sean Liaw, Chief Operating Officer of CTDC said. "We are very pleased to have accomplished a milestone solar farm project in Italy as a developer."


Sunday, August 7, 2011
Liquidity Requirements
We have been able to meet our working capital needs, and we believe that we will be able to meet our working capital needs with our existing cash balance, operating cash flow and proceeds from realization in the open market of available for sale and trading securities for the next 12 months