TG SMART ENERGY sells subsidiaries to asset-backed special purpose for a price of 615 million RMB

TG SMART ENERGY (01083.HK) announced the sale of 40 rooftop photovoltaic power generation or energy storage stations, each with a 100% equity stake, to the third phase of the asset-backed special plan for approximately RMB 615 million. At the same time, the company will subscribe for RMB 42 million of Class B asset-backed securities in the third phase, accounting for approximately 5.2% of the total principal amount of this phase of asset-backed securities