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New China Solar Corporation raises USD $50 million equity line

Shanghai China, Smart Ventures acts as a gatekeeper for a Philanthropy Green Energy Fund in providing USD $50 million equity line to Chinese Solar company - New China Solar Corporation

FOR IMMEDIATE RELEASE

 
Smart Ventures
Smart Ventures
PRLog (Press Release) - Oct 19, 2009 -
Shanghai China, Smart Ventures acts as a gatekeeper for a Philanthropy Green Energy Fund in providing USD $50 million equity line to Chinese Solar company - New China Solar Corporation.

In making the announcement through its Chinese partner in Shanghai, Smart Ventures awarded the Chinese Solar firm a contract for USD $50 million.  Smart Ventures representative agent in Shanghai, Mr Michael Xiang advised "this is truly a great investment for the New China Solar Corporation, it will enable them to introduce new and innovative solar products".  Mr Xiang went onto advise that "New China Solar Corporation plans to use the funds to introduce highly efficient solar energy products that can be used in third world countries as a alternative use for energy."

Chairman and Founder of Smart Ventures - Mr Brett Goldsworthy advised "Mr Xiang introduced us to this very efficient company which has proven technology far advanced than most.  We believe we will see the commercialization of these products into the market place within three to six months".  Mr Goldsworthy went onto advise "I sincerely believe the Foundation members of our Green Energy Fund will be pleased with the advancements New China Solar Corporation can make in providing low cost energy to third world countries".


For further information contact
Smart Ventures (A Division of Community Financial Services Group)
Phone +61 2 9945 0738
Email publicrelations@smartventures.com.au

# # #

Our Objective
To accelerate companies into the global market place by providing innovative solutions and services to growing companies in the small to medium cap sector, worldwide.
Why use Smart Ventures?
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Contact Email:
***@smartventures.com.au Email Verified
Issued By:Smart Ventures
Phone:+61 2 9945 0738
Fax:+61 2 85729962
Address:PO Box 109
:Pennant Hills NSW 1715
Zip:2120
City/Town:Westleigh
State/Province:NSW
Country:Australia
Industry:Energy, Business, Technology
Tags:, , , , green energy fund, ,
Last Updated:Oct 19, 2009
Shortcut:http://prlog.org/10381414
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