Sky Solar Holdings, Ltd. Announces Closing of Share Purchase by Japan NK Investment K.K.
SKY SOLAR HOLDINGS LTD AMERICA (SKYS)
US:NASDAQ Investor Relations:
ir.skysolarholdings.com
Company Research
Source: GlobeNewswire
HONG KONG, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced the closing of the transaction of purchasing 152,107,954 ordinary shares (including ordinary shares represented by ADSs) of the Company, at US$0.25 per ordinary share, or US$2.00 per ADS, by Japan NK Investment K.K., from Flash Bright Power Ltd (“Flash Bright”), Rihuaxing Limited, Sunpeak Universal Holdings, Inc. and Bright Reality Investment Limited, pursuant to an amended and restated stock purchase agreement dated October 21, 2019. Flash Bright is wholly owned by Mr. Weili Su (“Mr. Su”), who left the company in June 2017 and was the controlling shareholder of the Company. Upon the completion of the transaction, Japan NK Investment K.K. holds 152,107,954 ordinary shares (including ordinary shares represented by ADSs) of the Company, representing 36.3% of the total shareholding, and Flash Bright a
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