Longi Leye Photovoltaic Technology Co., Ltd. announced that it expects to receive CNY 1.5 billion in funding from LONGi Green Energy Technology Co., Ltd.
Longi Leye Photovoltaic Technology Co., Ltd. announced that it will receive CNY 1,500,000,000 in an equity round of funding from returning investor LONGi Green Energy Technology Co., Ltd. (SHSE:601012) on August 15, 2020. Post closing, the registered capital of the company will increase from CNY 2,000,000,000 to CNY 3,000,000,000, and the investor will continue to hold 100% stake in the company. The transaction has been approved in the 12th meeting of the fourth directorate in 2020 of the investor.