China Technology Development signs deal to develop Xiamen Bay Solar City

China Technology Development Group Corp. (Nasdaq:CTDC) is up more than 8% today in pre-market trading after solar energy product producer announced it had signed an letter of intent with China Merchants Zhangzhou Development Zone to jointly develop the Xiamen Bay Solar City. According to the terms of the collaboration, 100 acres inside the China Merchants Zhangzhou Development Zone will be devoted to the construction of the solar city project, which will open next year, China Technology said.

Shares of China Technology Development Group Corp. are up $0.34 to $4.36 ahead of today’s opening.

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