Three photovoltaic industry decided to turn to the family doesn't takeaway

Sanan optoelectronics 27 evening announcement, the company had decided to hold the core PV 100% stake to 589 million yuan transferred to Xiamen aviation longhui High-tech Industry Co. ltd.. According to the views of the local government, recommendations and requirements, in order to ensure the continuation of the policy of investment in solar photovoltaic, after consultation, decided to terminate the transaction.

On the same day the company announced plans to hold the core on PV 100% stake to 589 million yuan transferred to Fujian Sanan Group Co. Ltd., at the same time on the core of working capital loan of 597 million 693 thousand and 900 yuan of PV debt transfer to the three group. Group is the controlling shareholder of Sanan optoelectronics.

The company said that the core is mainly engaged in high photovoltaic solar photovoltaic power generation business, based on self built power plants. The share transfer, will help the company focus on accelerating the development of existing businesses, reduce management costs, reduce the financial costs, the company will bring a profit, but will not cause a significant impact on the company's main business and profitability.

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