“With pv magazine having this morning reported on the festive sale of a 50 MW solar farm by Chinese developer Shunfeng International, the heavily indebted PV project company this afternoon revealed plans to sell off another 132 MW of generation capacity.
Shunfeng said trading in its stock has been paused since Friday morning because of the latest planned asset sell-off and is set to resume tomorrow morning in Hong Kong.
The latest mooted deal would see Shunfeng project companies sell their stakes in four solar farms to state-owned entity State Power Investment Group Xinjiang Energy & Chemical Co Ltd, in a deal which would raise RMB890 million (US$140 million), if approved by shareholders and the authorities.”
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Hall, Max. PV Magazine 3 January 2022.