6-K 1 htm_3598.htm LIVE FILING CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION - Form 6-K
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

January 13, 2009

Commission File Number: 000-29008

CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION
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(Translation of registrant’s name into English)
 
Unit 1712-13, Tower 1, Admiralty Centre
No.18 Harcourt Road, Hong Kong
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(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  [x] Form 20-F    [ ] Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  [ ]
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  [ ]
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:  [ ] Yes    [x] No
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 
 

CTDC Receives $36,000,000 Credit Line from China Construction Bank

HONG KONG – January 13, 2009 - China Technology Development Group Corporation
(Nasdaq: CTDC; "CTDC" or "the Company"), a provider of solar energy products and
solutions in China focusing on a-Si thin film technology, today announced that
the Company’s wholly-owned subsidiary, China Merchants Zhangzhou Development
Zone Trenda Solar Energy Ltd. (“Trenda Solar”), has received a commitment of
credit line up to RMB 250,000,000, or US$36,000,000 from China Construction
Bank, a leading commercial bank in China.

Fujian Branch of China Construction Bank is providing this credit line to the
Company, subject to certain terms and conditions, for expanding CTDC’s exsiting
manufacture facility in Xiamen Bay Solar City.

“We are extremely pleased to receive this credit line facility from China
Construction Bank, which demonstrates China Construction Bank’s recognition to
our company and strong support for management’s goal to become one of leading
thin-film PV producers and application solutions providers in China ,” said Mr.
Gary Leung, Chief Financial Officer of CTDC. “We expect that the credit line
will not only accelerate our current expansion of thin film PV production lines
in the solar city, but also enables us to eventually supply solar products to
Qaidam Basin solar power plant which we announced recently. ”


About CTDC:
CTDC is a provider of solar energy products and solutions in China focusing on
a-Si thin-film technology. CTDC’s ultimate principal shareholder is China
Merchants Group (http://www.cmhk.com), one of the biggest state-owned
conglomerates in China.

For more information, please visit our website at http://www.chinactdc.com.


Forward-Looking Statement Disclosure:
It should be noted that certain statements herein which are not historical
facts, including, without limitation, those regarding: A) the timing of product,
service and solution deliveries; B) our ability to develop, implement and
commercialize new products, services, solutions and technologies; C)
expectations regarding market growth, developments and structural changes; D)
expectations regarding our product volume growth, market share, prices and
margins; E) expectations and targets for our results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of contemplated acquisitions on a timely basis and our
ability to achieve the set targets upon the completion of such acquisitions; and
H) statements preceded by “believe,” “expect,” “anticipate,” “foresee,”
“target,” “estimate,” “designed,” “plans,” “will” or similar expressions are
forward-looking statements. These statements are based on management’s best
assumptions and beliefs in light of the information currently available to it.
Because they involve risks and uncertainties, actual results may differ
materially from the results that we currently expect. Factors that could cause
these differences include the risk factors specified on our annual report on
Form 20-F for the year ended December 31, 2007 under “Item 3.D Risk Factors.”
Other unknown or unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ materially from
those in the forward-looking statements. The Company does not undertake any
obligation to update publicly or revise forward-looking statements, whether as a
result of new information, future events or otherwise, except to the extent
legally required.


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
    CHINA TECHNOLOGY DEVELOPMENT GROUP CORPORATION
     
Date: January 13, 2009 By: Li Alan

  Name:  Li Alan
  Title: Chief Executive Officer