On July 2, 2010, ordinary shares of Liaoning Creative Bellows, a manufacturer of wind turbines tower, was acquired by?Clean Tech Innovations, Inc., a Nevada corporation.
The acquisition of Creative Bellows' ordinary shares was accomplished pursuant to the terms of a Share Exchange Agreement and Plan of Reorganization, dated July 2, 2010, by and between the two parties.
Pursuant to the Share Exchange Agreement, Clean Tech Innovations, Inc. acquired from Creative Bellows all of its equity interests in exchange for the issuance of an aggregate of 15,122,000 shares of common stock to the stockholders of Creative Bellows.
By Xie Fang
