Group 1 - The company, Shui Fa Xing Ye Energy, announced the acquisition of 100% equity in Guizhou Xing Ye Green Energy Technology Co., Ltd. for a total cash consideration of RMB 216 million, along with assuming debts of RMB 384 million, resulting in a total acquisition cost of RMB 600 million [1] - The target company specializes in photovoltaic power station maintenance management and electricity sales in China [1] Group 2 - The company may face significant compensation liabilities in a lawsuit, particularly related to losses from dismantling power stations amounting to approximately RMB 253 million [2] - The acquisition is viewed as a means to resolve the EPC contract-related disputes, allowing the company to acquire the target equity and settle debts at a net amount of RMB 133 million after debt exemptions [2] - The board believes that the acquisition will complement the company's existing business, enhance productivity and scale, and expand revenue sources [2]
水发兴业能源(00750.HK)拟收购贵州兴业绿色能源科技100%股权