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Skycorp Solar to buy remaining 56% stake in Nanjing Cesun for USD 20.19 million

PUBT·05/01/2026 20:16:08
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Skycorp Solar to buy remaining 56% stake in Nanjing Cesun for USD 20.19 million
  • Skycorp signed an agreement on April 30, 2026 to buy remaining 56% of Nanjing Cesun Power, moving from a 44% stake to full ownership.
  • Purchase price set at USD 20.19 million, paid via issuance of 7,983,000 newly issued ordinary shares at USD 2.53 per share.
  • Deal implies a 100% enterprise valuation of Nanjing Cesun at USD 36.06 million.
  • Nanjing Cesun operates across renewable energy activities including inverter production, PV power station operations, and energy management systems.
  • Consideration shares carry lock-ups of 24 months for Class B shares issued to Huang Weiqi, 6 months for Class A shares issued to EZPower.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skycorp Solar Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605011615PRIMZONEFULLFEED9711658) on May 01, 2026, and is solely responsible for the information contained therein.