Solartech International  has agreed to acquire Santai Electronics Limited and Aberdeen Investments Limited from Shougang Concord Technology for a cash consideration of RMB43 million (HK$52.675 million) and RMB10 million (HK$12.25 million) respectively, totaling HK$64.925 million.

Santai owns an industrial complex located at Qiao Zi Lu, Qiao Zi Village, Changping Town, Dongguan, Guangdong ProvinceC with a site area of 72,292 sqm and a market value of RMB57.8 million (HK$70.805 million) as at 24 August 2011.

Aberdeen owns 24 residential units located on the 11/F and 15/F of Ping On Court, Peace Plaza, Shangzhong Yuan Road, Changping Town with a total gross floor area of 1,655.88 sqm and a market value of RMB4.487 million (HK$5.497 million) as at 31 January 2011.

Source:chinesestock.org