New hold-up in GCL project business’ $155m asset sale

pv-magazine 2020年2月13日
摘要:Debt-laden Chinese solar project developer GCL New Energy has been forced to delay the release of de...
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Debt-ladenChinesesolarprojectdeveloperGCLNewEnergyhasbeenforcedtodelaythereleaseofdetailsrelatingtoashareholdervoteonthesaleofa294MWportfolioinitshomeland.TheHongKong-listeddeveloperhopestosellsevenofitsChineseprojectcompanysubsidiariestotwofundsownedbytheHongKongdivisionofChinesestate-ownedelectricutilityChinaHuaneng.TheproposedsalewouldgenerateanetRMB1.08billion(US$155million)forGCLNewEnergyandremoveRMB2.66billionofliabilitiesfromitshugedebtpile.PopularcontentMainlandpowercompanyChinaHuanenginNovemberwalkedawayfromaproposedbail-outthatwouldhaveseenitacquire51%ofGCLNewEnergy / insteadoptingtoacquiresomeofthedeveloper’sgenerationassets.TheproposedprojecttransferissubjecttovotesbyshareholdersatGCLNewEnergyaswellasitsGCL-Polyparentcompany.DetailsofwhenthevotesareduetobeheldweresupposedtohavebeenreleasedbytodayatthelatestbutthatdeadlinehasnowbeenpushedbacktoFebruary28 / Newhold-upinGCLprojectbusiness’$155massetsale 查看更多