CECEP Solar Energy Technology Co., Ltd. agreed to acquire remaining 5.6% interest in CECEP Solar Energy Technology Co.,Ltd. from Jiangsu Dagang Co., Ltd. for CNY 13.8 million.

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.