On the 1st, share price of Tozai Holdings increased by 6 percentage points on KOSDAQ due to the news of Tozai Holdings launching solar cell module business.

Tozai Holdings¡¯ stock increased by 14.84% percent and closed at 735 KRW. This rising trend came after steadiness in the share price from the previous day as the stock price surpassed 700 Won.

Tozai Holdings announced on the 1st that they signed a MOU with Institute of Renewable Energy and Environment to launch a solar cell module business.
This agreement shall be effective for 24 months as of the contract date.

Tozai Holdings will seek potential investment of solar module, direct investment, supplying resources, operating factory, and related consulting service.

(2008-09-01 Financial News)