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    Home > News > Power News > News Article

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    Hunan Shuifa Singyes Green Energy to Acquire Minority Stake in Shuifa Clean Energy from Shuifa Energy Group


    June 24, 2022 - Marketline - Deals

     

      Deal In Brief

      Hunan Shuifa Singyes Green Energy Co Ltd, a company engaged in the investment in and the operations of photovoltaic power stations and wind power projects, has agreed to acquire a non-controlling equity stake in Shuifa Clean Energy Co Ltd, a renewable energy company, from Shuifa Energy Group Ltd, a company engaged in the investment in and the operations of clean energy assets

      The agreement includes possible grant by the vendor of option exercisable at the discretion of the purchaser to purchase up to all of the remaining equity of the target company held by the vendor after the possible acquisition

      Within 360 days from the date of signing of the MOU, the vendor and the purchaser shall negotiate in good faith and use their best endeavour to enter into legally binding agreements in relation to the possible acquisition and the possible grant of option.

      Deal Type Acquisition
      Sub-Category Minority Acquisition
      Deal Status Announced: 2022-06-23

      Deal Participants

      Target (Company) Shuifa Clean Energy Co Ltd
      Acquirer (Company) Hunan Shuifa Singyes Green Energy Co Ltd
      Vendor (Company) Shuifa Energy Group Co., Ltd.

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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