Shunfeng halts dealing in front of 540 project capacity sale that is MW

Shunfeng halts dealing in front of 540 project capacity sale that is MW

The planned disposal of greater than a 3rd of this Chinese solar company’s task portfolio would simply just take a substantial amount away from its financial obligation hill but trading in business stock ended up being halted today, pending a statement pertaining to the project purchase. Shunfeng sold down German PV project business that is monitoring to another procedure owned by its primary shareholder at the conclusion of a year ago.

Shunfeng is just one of the Chinese solar developers shuffling round the cash in an attempt to keep carefully the wolf through the home.

Chinese solar business Shunfeng Global Clean Energy announced a halt in trading with its stocks this early morning, pending a statement linked to a fire purchase of around 540 MW of the solar task capability.

The business has received a busy time from it since our final improvement in-may year that is last the level of the financial obligation hill ended up being revealed with its full-year numbers for 2018. Continue reading

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