China strongly supports renewable energy business has been promoted to national policy, following the accelerated development of wind power to be subsidized, the use of solar power, but also focus on supporting projects. RBI Holdings (0566) has just announced a $ 4.18 billion acquisition of solar energy equipment manufacturer's business, the company is listed on the Hong Kong and mainland China in recent years, the most generous initiative.

Redhead announced on October 2, the world's largest silicon thin-film PV module manufacturers GS-Solar (GS-Solar), China will be its largest thin film module manufacturing equipment supplier Apollo Precision Injection red hair, involving funding of 4.182 billion yuan to share (1.316 yuan per share price, the issue of 279 million new shares) and convertible bonds to pay, if the convertible bonds, Jun Shi Lin Zhaohui largest shareholder family and Technology Fund IDG (U.S. venture capital firm), will become the big redhead Shareholders that will be injected through the disguise thin film photovoltaic device manufacturing business listing in Hong Kong, Hong Kong listed company, has added a furniture-scale solar energy enterprises in Hong Kong and international investors to share in the Mainland's rapid development of solar energy business will result.

According to published until November, after completion of the Acquisition, the Company will be renamed Apollo Solar grid tie inverter  Energy Technology Holdings. Terms of the acquisition have been prescribed profit guarantee, Apollo Group as at 30 June 2010 11 months ended the actual after-tax profit of not less than U.S. $ 55 million (or approximately HK $ 430 million), plus the Apollo Precision subsidiary of Fujian Apollo Precision Equipment Co., Ltd., has entered into with its customers worth 1.02 billion yuan of equipment procurement contracts, in other words, transformation of solar energy companies have red hair, profitability and ensure sustained growth, not speculation concepts harvest.

Apollo Group is a Chinese manufacture of amorphous silicon thin film solar PV module production equipment and turnkey solutions supplier. Its manufacturing thin-film photovoltaic modules with the specialized equipment and technology, and for the production of thin-film PV modules to customers assemble the entire production line. Apollo Group is currently on the market in the shortest time have the ability to form into a 25 one million watts of turnkey production line for one of the enterprises. Eligible contract together with its supplier partners, Apollo Group's annual assembly of up to 250 one million watts of complete production lines. Its equipment R & D team is also based in Beijing, and its mass production process R & D team based in Quanzhou, China places. Retrieve information, Apollo Group is China's first inter-film solar cells obtained TUV / IEC and UL certified manufacturer pairs, reflecting the quality of its production factors of international standards