[SatNews] Tri-Tech Holding Inc. (Nasdaq: TRIT), a total solutions provider to China's water resources, municipal wastewater, and industrial pollution control markets, has closed its equity transfer agreement with Beijing Satellite Science & Technology Co. (BSST). This occurred on August 6, 2010, and completed the acquisition of 100 percent equity ownership of BSST for $3.8 million in cash and stock. This included $1.45 million in cash. In addition to cash, Tri-Tech issued 260,000 shares of restricted stock to the transferor of BSST. The number of shares issued was calculated on a price of $9.05 per share (which was the closing price of Tri-Tech's common stock on the NASDAQ stock market on July 23, 2010) and was equivalent to $2.35 million.