BRIEF-United Photovoltaics Group says unit entered into acquisition agreement

April 24 (Reuters) - United Photovoltaics Group Ltd

* Purchaser, unit of company, entered into acquisition

agreement with Beijing Zhongteng IOT Technology development

* Transaction in relation to further acquisition of 50%

equity interest in a joint venture company

* Deal at cash consideration of RMB108 million

* Says consideration shall be settled by purchaser in cash

by three installments

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