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Sunpower Group subsidiaries to acquire stakes in two China thermal energy projects
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Sunpower Group is acquiring stakes in two Chinese thermal energy projects. Its subsidiary, Sunpower International Holding, will acquire a 15% interest in Jining Xinneng Thermal Power for 30.2 million yuan. Another subsidiary, Jiangsu Sunpower Clean Energy, will acquire the remaining 10% stake in Changshu Suyuan Thermal Power for 16.8 million yuan. These investments enhance ties with Jining Group and allow for future collaborations. Both projects are expected to be funded through internal resources. Sunpower's shares closed at S$0.525, down 0.9%.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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