China Power Investment Northeast New Energy Development Co., Ltd. completed the acquisition of Jarud Banner JA Photovoltaic Power Generation Co., Ltd. from JA Solar Technology Co., Ltd..
December 08, 2020
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China Power Investment Northeast New Energy Development Co., Ltd. entered into an agreement to acquire Jarud Banner JA Photovoltaic Power Generation Co., Ltd. from JA Solar Technology Co., Ltd. (SZSE:002459) for CNY 63.4 million on November 23, 2020. In related transactions, China Power Investment Northeast New Energy Development and Xinjiang Silk Road Kunyuan Energy Co., Ltd. agreed to acquire Dunhuang JA Photovoltaic Electric Power Development Co. Ltd from JA Solar Technology Co., Ltd for CNY 305.7 million and China Power Investment Northeast New Energy Development Co., Ltd agreed to acquire Chifeng JA Photovoltaic Power Generation Co., Ltd from JA Solar Technology Co., Ltd.for CNY 106.5 million. As of December 31, 2019, Jarud Banner JA Photovoltaic Power Generation Co., Ltd. reported total assets of CNY 118.94 million, net assets of CNY 64.93 million, revenue of CNY 14.03 million and net profit of CNY 3 million. The transaction was approved by the board of directors of JA Solar Technology Co., Ltd. in the 17th meeting of the company’s 5th directorate held on November 23, 2020, and do not need the shareholders’ approval.
China Power Investment Northeast New Energy Development Co., Ltd. completed the acquisition of Jarud Banner JA Photovoltaic Power Generation Co., Ltd. from JA Solar Technology Co., Ltd. (SZSE:002459) on December 8, 2020. JA Solar Technology Co., Ltd. (SZSE:002459) has recently received the first transaction consideration of CNY 14.595 million
JA Solar Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of silicon wafers, solar cells and solar modules. The Company is also engaged in the development, construction and operation of solar photovoltaic power plants. The Company's main products are solar modules, including polycrystalline silicon solar modules and monocrystalline silicon solar modules. Its silicon wafers include monocrystalline silicon wafers and polycrystalline silicon wafers. Its monocrystalline silicon wafers are mainly used for processing monocrystalline silicon solar cells, while its polycrystalline silicon wafers are mainly used for processing polycrystalline silicon solar cells. Its solar cells mainly include monocrystalline silicon cells and polycrystalline silicon cells. The Company mainly distributes its electricity produced by photovoltaic power plants to grid companies. The Company conducts its businesses in domestic and overseas markets.
China Power Investment Northeast New Energy Development Co., Ltd. completed the acquisition of Jarud Banner JA Photovoltaic Power Generation Co., Ltd. from JA Solar Technology Co., Ltd..