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HONG KONG, Jan 6, 2010 - (ACN Newswire) - The national Eleventh Five-Year Plan finally comes to the last year, implying 2010 would be a crucial year for the Plan. China's Ministry of Industry and Information Technology (MIIT) has already announced plans to be set up throughout this year, in which the most eye-catching mission seems to be the promotion of militarized-civilization and new energy.
According to the report released by MIIT, one of the tasks for the 2010 agenda is to maintain the policies which were approved before put in place, including the enhancement of emission reduction and energy conservation, increasing the pace of R&D and promotion of new energy, so as to support energy-saving industry.
Another mission is to further boost the technology of national defense, and promote the integration of defense industry enterprises and civil enterprises, which is assumed to be one of the key issues in the next five-year plan. The current five-year plan runs from 2006 to 2010, and the government is expected to publish the plan for 2011-2015 sometime this year.
While MIIT announced plans for 2010, China Innovation Investment Limited ("CH Innovation", SEHK: 1217) was actually preparing for these huge opportunities for growth. The Company, as one of the investment experts, focuses on the dual-use of 'Three New Industries', including "New Energy Resources", "New Light Resources" and "New Materials" throughout military and civil market sectors in Hong Kong's capital markets, and has already shown its foresight in new technologies like solar energy, wind energy, geothermal energy, as well as LED.
In fact, CH Innovation entered into an Acquisition Agreement with Topsun Creation Limited ('Topsun') in May last year. Topsun's business includes R&D, production and sales of new energy batteries with high capacities for civil- and military-use.
The Company has also completed the acquisition in Dooda Innovation Limited ('Dooda') in late November last year. The investment consists of the R&D, production and sales of the dual-use of LED backlight and lighting technology in both military and civil market sector, with the aim to apply the new LED lighting technology with a focus on industrial design to improve the human-machine interface and quality of civil and military dual-used products.
CH Innovation is also invested in C-Micro Circuit Corporation and Zhenjiang Fujieda Copper Foil Company Limited, that supply internationally advanced technology in manufacturing LTCC (Low Temperature Co-fired Ceramic) products for new energy resources and new light resources.
In this way, the Company not only plays roles in upper stream, but also participates in middle and lower stream, to grasp all the opportunities for 'Three New Industries', including "New Energy Resources", "New Light Resources" and "New Materials" with promising return.
Contact:
Carmen Lee
Investor Relationship Department
China Innovation Investment Limited
Email: carmen.lee@ntg.com.hk
Tel: +852 2111 9988
Direct: +852 2155 6275
Mobile: +852 6301 6611
Fax: +852 2111 9989
Topic: Press release summary
Source: China Innovation Investment Limited
Sectors: Daily Finance, Energy, Alternatives
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From the Asia Corporate News Network
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