Gelonghui, December 28, 丨 Tianbao Energy (01671.HK) announced that on December 28, 2023, the company signed an “Equity Transfer Contract” with the seller. Based on this, the company agreed to the acquisition, and the seller agreed to sell 95% of the target company Yangzhou Qingchang Solar Technology's shares, with a total consideration of about RMB 15.37 million.
According to reports, the target company is a limited company established in China on July 16, 2019, and was wholly owned by the seller on the announcement date and immediately before the purchase was completed. The target company is mainly engaged in the development, design and construction of solar photovoltaic power generation projects.
According to the announcement, the acquisition of 95% of the target company's shares is in line with the company's development strategy and is an important step for the company to further transform and upgrade in the direction of new energy sources. It is also a concrete action by the company to deepen the reform of state-owned enterprises and enhance corporate vitality. As the company's first foreign port project, this project is of great significance for the company to go beyond Tianjin, expand its service area, and implement the company's “14th Five-Year Plan”.