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The Company entered into an acquisition agreement with RENA Technologies GmbH concerning the acquisition of its China solar power companies, RENA Yiwu and RENA Shanghai.
The Company has received a purchase order for 2 systems of semiconductor equipment.
Dr. Liu Erzhuang was appointed to lead the Company to initiate its equipment business in the semiconductor and solar power industries.
The reverse takeover of "Shun Cheong Holdings Limited" (650.HK), the predecessor of the Company, was completed, with HK$2.94 billion raised and the previous hotel business disposed of.
Upon completion, the Company acquired the Inner Mongolia oilfield asset.