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Cleantech Solutions International shares boosted by more potential acquisition news

We are excited about 3D Discovery's scanning and modeling technology, which will allow everyone with a smartphone...

Cleantech Solutions saw shares climb again

Cleantech Solutions International Inc (NASDAQ:CLNT) saw shares lifted on Thursday on the back of potential acquisition news - the second such announcement this week.

Its subsidiary Sharing Economy Investment Limited struck an exclusivity agreement with 3D Discovery Co Limited (3D Discovery), regarding a potential acquisition by of not less than 51% of 3D Discovery.

3D Discovery has developed an interactive virtual tour technology which allows users to create interactive virtual spaces where people can get a first-hand experience of a physical place.

"We are excited about 3D Discovery's scanning and modeling technology, which will allow everyone with a smartphone to create interactive virtual spaces," said Parkson Yip, the chief operating officer of Cleantech Solutions.

"This low-cost, automated and easy-to-use marketing tool can serve a broad range of industries, including property management, hospitality, tourism and event venues, among others. 

"We believe this will be a revolutionary technology that makes creating 3D virtual spaces as simple as taking photos."

Cleantech shares gained 8.26% to stand at US$5.38 each.

Earlier this week, the firm  rocketed as it announced a potential acquisition of at least 51% of Inspirit Studio.

Inspirit Studio runs a mobile platform called Anyway, which allows people to provide courier delivery services when they are commuting. It allows freelance couriers to earn income by sharing their journeys.

"Anyway resolves problems that the current courier services have," said Kurt Tam, chief executive of Inspirit Studio.

Quick facts: Cleantech Solutions International Inc

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Market: NASDAQ
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