Shunfeng halts exchanging in front of 540 project capacity sale that is MW
The planned disposal in excess of a 3rd for the Chinese solar company’s task portfolio would just just just take a substantial amount away from its financial obligation hill but trading in business stock ended up being halted today, pending a statement pertaining to the task purchase. Shunfeng sold down German PV project business that is monitoring to another procedure owned by its primary shareholder by the end of a year ago.
Shunfeng is among the Chinese developers that are solar all over cash in an attempt to maintain the wolf from the home.
Chinese solar company Shunfeng Global Clean Energy announced a halt in trading with its stocks this early early early morning, pending an statement associated with a fire purchase of approximately 540 MW of its solar task capacity.
The business has received a busy time from it since our final up-date in-may year that is last the degree of its debt hill had been revealed in its full-year numbers for 2018.
Ever since then, a proposed sale of their Jiangsu Shunfeng Photovoltaic Technology Co Ltd to a www.brightbrides.net/review/malaysiancupid small business owned by Shunfeng major shareholder Cheng Kin Ming has helped relieve some issues as well as the company now is designed to downer down 11 of the Chinese solar task organizations to make benefits well well well worth another RMB1.63 billion (US$232 million). […]