Chinese solar module manufacturer Risen Energy Co. Ltd announced on November 26 that the board of directors of the company considered and passed the Proposal on the Transfer of Power Station Assets and agreed to transfer 100% equity of its wholly-owned subsidiary Risen Power Development (Pishan) Co., Ltd to Xinjiang Wind Energy Co., Ltd at the price of RMB 178 million yuan.
The company also transferred 100% equity of its wholly-owned subsidiary Wuhai Ningsheng Power Development Co., Ltd to Three Gorges Clean Energy Co., Ltd at the price of RMB 93.5 million yuan. After the completion of the transaction, the company will no longer hold the equity of the above companies.
