BRIEF-Renesola enters agreement to dispose manufacturing and LED distribution businesses [Reuters]
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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Source: Reuters
BRIEF-Renesola enters agreement to dispose manufacturing and LED distribution businesses | Reuters Reuters Staff 2 Min Read Sept 25 (Reuters) - Renesola Ltd : * Renesola enters into definitive agreement for the disposition of manufacturing and led distribution businesses and related liabilities * Company has entered into a share purchase and subscription agreement with Xianshou Li, chairman and chief executive officer of company * Pursuant to terms of SPA, Renesola Singapore (SGP) will cancel about $217.3 million of intercompany payables owed by company to SGP * Following restructuring, at closing of transactions contemplated by SPA ,co will transfer 100% of share capital of SGP to buyer * Pursuant to terms of share purchase and subscription agreement? company will effect an internal restructuring * Pursuant to terms of SPA, co will issue 180 million shares of no par value per share of company to Renesola Singapore Pte * As a result of SGP share transfer co expects ?bank borrowings in
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SOL
Earnings
- 3/28/24 - Miss
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Analyst Actions
- 4/1/24 - HC Wainwright
SOL
Sec Filings
- 4/2/24 - Form 8-K
- 3/29/24 - Form NT
- 3/29/24 - Form 8-K
- SOL's page on the SEC website