<div id="readability-page-1"><div>[SINGAPORE] Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group , is acquiring a 15 per cent equity interest in Jining Xinneng Thermal Power for about 30.2 million yuan (S$5.5 million).Xinneng Thermal Power, established in September 2024, is majority-owned by Jining Energy Development Group, one of the largest state-owned enterprises in Shandong Province, Sunpower Group said in a Thursday (Dec 4) night bourse filing. It is the exclusive steam supplier to Jining New Material Industrial Park, one of China’s top 20 national key chemical industrial parks. Upon completion of construction and commissioning, Xinneng Thermal Power will also provide residential heating across the Jinxiang County in Jining City and supply electricity to the state grid.“Its diversified customer base, spanning both industrial and residential users, enhances the revenue stability of Xinneng Thermal Power,” Sunpower Group said. It expects the investment to further strengthen its green investments portfolio and deliver long-term value. “By leveraging Sunpower’s technical expertise and Jining Group’s strong local presence, the partnership is expected to create significant synergies in market development and operational efficiency,” it said, adding that this investment deepens ties with Jining Group, paving the way for future collaborations.These could be in areas such as steam pipeline construction, geothermal heating and artificial intelligence-empowered energy efficiency projects.As at Jul 31, 2025, the book value of Xinneng Thermal Power was about 200.5 million yuan, and its net tangible asset value stood at 182.2 million yuan.The investment is expected to be funded through internal resources.Shares of Sunpower Group closed at S$0.525 on Thursday, down S$0.005 or 0.9 per cent.</div></div>

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中圣集团

新加坡的中圣国际控股（Sunpower International Holding）是中圣集团的子公司，正在以 3020 万元收购济宁新能热电 15% 的股份。济宁新能热电由济宁能源发展集团拥有，向济宁新材料工业园区供应蒸汽，并将提供居民供暖和电力。此次投资旨在增强中圣的绿色投资组合，并与济宁集团创造协同效应。此次收购将通过内部资源进行融资，中圣的股价收于 0.525 新元，下跌 0.9%

中圣集团的子公司将以 3020 万元人民币收购济宁新能热电 15% 的股权