HENDERSON, USA: Global General Technologies Inc. (GLGT) intends to complete merger with a China-based solar panel manufacturer.
The merger candidate, ZhiHua Co-Channel Hi-Tech Co. Ltd, is China's most dynamic solar panel company, focusing on the production of high quality solar energy cell monocrystalline silicon chips, with solid silicon production. ZhiHua currently has nearly 100 employees, its engineering works cover an area of 32,000 square meters, and its building size is 2 million square meters.
The company boasts annual revenues in the $10 million dollar range, with its business activities split between domestic and foreign markets. ZhiHua Co-Channel Hi-Tech Co., Ltd. exports its green technology products to more than 10 countries. Also, the company has signed significant green energy contracts with municipal governments in China's Jiangxi province.
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