CECEP Solar Energy Technology Co., Ltd. completed the acquisition of a 5.6% stake in CECEP Solar Energy Technology Co.,Ltd. from Jiangsu Dagang Co., Ltd..
September 23, 2022
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CECEP Solar Energy Technology Co., Ltd. agreed to acquire remaining 5.6% interest in CECEP Solar Energy Technology (ZhenJiang) Co.,Ltd. from Jiangsu Dagang Co., Ltd. (SZSE:002077) for CNY 13.8 million on June 6, 2022. Consideration will be paid in cash. CECEP Solar Energy Technology reported CNY 2.42 billion total assets, CNY 2.8 billion operating income, CNY 118 million operating loss, CNY 222 million net assets and CNY 117 million net loss for the year ended December 31, 2021. The transaction has been approved by board of directors of Jiangsu.
CECEP Solar Energy Technology Co., Ltd. completed the acquisition of a 5.6% stake in CECEP Solar Energy Technology (ZhenJiang) Co.,Ltd. from Jiangsu Dagang Co., Ltd. (SZSE:002077) on September 24, 2022.
JIANGSU DAGANG CO., LTD is a China-based company principally engaged in the development of industrial parks. The Company is also involved in the production and distribution of silicon chips and solar modules, engineering construction, the provision of engineering labor services, trading and logistics business, the operation and leasing of real estate, as well as the sale of concretes and aerated blocks. Through its subsidiaries, it also involves in the provision of warehousing services, property management services and parking lots management services, as well as production and supply of water for industrial use, among others. The Company operates its businesses mainly in domestic market.
CECEP Solar Energy Technology Co., Ltd. completed the acquisition of a 5.6% stake in CECEP Solar Energy Technology Co.,Ltd. from Jiangsu Dagang Co., Ltd..
JIANGSU DAGANG CO., LTD. 
