Solarfun Power Holdings Co. Ltd. (SOLF) Stock Surges on Good Energies Investment
Chinese solar panel maker Solarfun Power Holdings Co. said Tuesday renewable energy investment company Good Energies will raise its stake in the company more than fivefold to 34.7 percent.
Good Energies is buying the shares from current shareholders, including 50 percent of the shares held by Solarfun's chairman and chief executive, Yonghua Lu, who will keep a 16.1 percent stake in the company.
Good Energies agreed to buy about 66.7 million ordinary shares and 281,011 American Depositary Shares of the company, Solarfun said.
Good Energies is buying the shares from current shareholders, including 50 percent of the shares held by Solarfun's chairman and chief executive, Yonghua Lu, who will keep a 16.1 percent stake in the company.
Good Energies agreed to buy about 66.7 million ordinary shares and 281,011 American Depositary Shares of the company, Solarfun said.
Labels: Good Energies, Solarfun Power Holdings Co. Ltd., SOLF
posted by Stock Administrator @ 5:55 PM
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