ReneSola Announces Intended $11 Million Investment by Shah Capital
Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL)
Last emeren group ltd american depositary shares, each representing 10 shares earnings: 11/19 06:30 am
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US:NYSE Investor Relations:
ir.renesolapower.com
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Source: PR Newswire
SHANGHAI, Sept. 16, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that its major shareholder, Shah Capital Opportunity Fund LP ("Shah"), has tentatively agreed to terms for the purchase of newly issued shares. The term sheet contemplates Shah purchasing 100,000,000 ordinary shares at a price of US$0.11 per share, for a total consideration of US$11 million.The purchase price is equivalent to US$1.10 per ADS, representing an approximately 12% premium based on the average closing price in the last 30 trading days. As a reminder, the Company's American Depositary Shares each represent 10 ordinary shares.The term sheet was signed on September 12, 2019. Closing of the transaction will be contingent on customary closing conditions. For a period of 180 days following the closing of the proposed transactions, any shares acquired in the proposed transactions (or ADSs repr
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Earnings
- 3/28/24 - Miss
SOL
Analyst Actions
- 4/1/24 - HC Wainwright
SOL
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 8-K
- 3/29/24 - Form NT
- SOL's page on the SEC website