Skycorp Solar Group to Acquire Equity Interest in Nanjing Cesun Power Co., Ltd.
Skycorp Solar Group Limited - Ordinary Shares (PN)
US:NYSE Investor Relations:
patnat.com/press-releases
Company Research
Source: GlobeNewswire
Ningbo, China, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced that it has entered into a definitive agreement (the “Agreement”) to acquire an equity interest of 24.0% in Nanjing Cesun Power Co., Ltd. (“Nanjing Cesun”), a leading company engaged in the development of new energy power plants and inverter technologies, from Skyline Tech Limited (the “Skyline”) for a total consideration of approximately US$8.7 million. Under the terms of the Agreement, the Company will satisfy the purchase consideration through issuance of additional 12,000,000 Class B ordinary shares of the Company to Skyline. The newly issued shares will be subject to a lock-up period of five years. As of the date of this 6-K, Skyline holds 13,025,000 class B ordinary shares of the Company, representing 97.0% of the votes of the Company. As a
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News
- Skycorp Solar Group Limited Announces $2 Million Share Repurchase Programme [Yahoo! Finance]Yahoo! Finance
- Skycorp Solar Group Limited Announces $2 Million Share Repurchase ProgrammeGlobeNewswire
- Skycorp Solar Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencyGlobeNewswire
- Skycorp Solar Group Announces Results of Extraordinary General MeetingGlobeNewswire
- Skycorp Solar Group Limited Reports First Half 2025 Financial ResultsGlobeNewswire
PN
Sec Filings
- 11/28/25 - Form S-8
- 11/3/25 - Form 6-K
- 10/14/25 - Form 6-K
- PN's page on the SEC website