Singyes Solar to sell solar power plant asset development business with HKD170 million
2017-12-27 17:34:09 [Print]
China Singyes Solar Technologies Holdings Limited ("Singyes Solar") announced on the morning of December 27 that Hunan Xingye Green Energy Co., Ltd., a wholly-owned subsidiary of the Company, as the vendor entered into a sales and purchase agreement with Beijing Jingyuntong Technologies Co., Ltd., the purchaser, to sell 100% equity interest of Xingtai Xingqiao Energy Technology Co., Ltd. with sale price of HKD170 million.
Announcement shows that Xingtai Xingqiao Energy Technology Co., Ltd., as a wholly-owned subsidiary of the vendor, engages in solar power plant asset development. Its solar power plant assets were under development in 2016, therefore no revenue generated.
Announcement shows that Xingtai Xingqiao Energy Technology Co., Ltd., as a wholly-owned subsidiary of the vendor, engages in solar power plant asset development. Its solar power plant assets were under development in 2016, therefore no revenue generated.
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