Shunfeng halts investing in front of 540 MW task capability purchase

Shunfeng halts investing in front of 540 MW task capability purchase

The planned disposal in excess of a 3rd of this Chinese solar company’s task portfolio would simply just take a substantial amount out of its financial obligation hill but trading in business stock ended up being halted today, pending an statement with regards to the task purchase. Shunfeng sold down German PV project monitoring company meteocontrol to another procedure owned by its primary shareholder at the conclusion of a year ago.

Shunfeng is amongst the Chinese solar developers shuffling all over cash in an attempt to keep carefully the wolf through the home.

Chinese solar company Shunfeng Global Clean Energy announced a halt in trading in its stocks this early early early morning, pending a statement pertaining to a fire purchase of around 540 MW of its solar task ability.

The business has received a busy period from it since our final enhance in-may this past year whenever the level of their financial obligation hill ended up being revealed with its full-year numbers for 2018. […]