Titan Wind Energy (Suzhou) Co Ltd (SZSE:002531) acquired the remaining 55% stake in Xuanli Energy-saving Environmental Investment Holding Co., Ltd. for CNY 200 million recently. After the transaction, Titan Wind Energy (Suzhou) Co will hold 100% stake in Xuanli Energy-saving Environmental Investment Holding. Titan Wind Energy will fund the transaction through self-owned funds.

The Board of Directors of Titan Wind Energy (Suzhou) unanimously approved the transaction on January 23, 2015.