Solargiga set to acquire Sino Light Investments

Share

Under the agreement, Solargiga has conditionally agreed to purchase the sale shares from Sino Light, at a conversion price of HK$1.92 per Conversion share.

The first S&P agreement was entered into on October 5.

Sino Light owns both You Xin and Jinzhou Huachang Photovoltaic Technology (HPT), which is principally engaged in the manufacture of silicon solar cells. According to Digitimes ith a current annual production capacity of 100 megawatts (MW). It adds that it is expected to reach 200 MW by the end of the year.

Solargiga says that upon completion of the acquisition, Sino Light, You Xin and HPT will become its subsidiaries, which will enable it to accelerate its intended downstream business developments in the photovoltaics industry. It went on to say that the deal will enable the it to secure a reliable source of silicon solar cells for its module business and improve operational efficiency.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Agrivoltaics can increase grape yield by up to 60%

29 November 2024 French agrivoltaics company Sun'Agri says that two of its facilities increased grape yields by 20% to 60% in 2024, compared to areas without solar pan...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.