Polaris solar PV net news: after years of losses, lead, cast holdings began diversifying, of the release investment company of Dongtai “long term”, the turnround, “big fish” do not know whether to take the bait.
On September 28, the cast holding said in a statement, a subsidiary of new capital Ltd to be 10 million Hong Kong dollars (below) price, Yang Bingzhong new holdings in 39% stakes, the price will be paid in cash.
In addition, with profit guarantee clauses in the purchase agreement. Commitments and guarantees to the buyer by the seller, two financial year ended on December 31, 2017 and December 31, 2018, the target group’s audited consolidated profit after tax total net profit (does not include any income, profits, but except for the sales power of government subsidies and tax breaks) will not be less than 9 million.
This reporter has learned, new holdings in the main operating subsidiary of Dongtai company based in Dongtai, Jiangsu Province, Dongtai company mainly engaged in the manufacture of Copper-Indium-Gallium-selenium thin-film solar cells and photovoltaic power generation business.
It is reported that the Dong Tai company is preparing for an initial annual capacity of 30 MW power plant of Copper-Indium-Gallium-selenium thin film, the plant plans to commence around March 2017 trading, expects its production of Copper-Indium-Gallium-selenium thin film solar panel’s conversion rate is about 15%, Dongtai company based on business progress to further increase production capacity in the future.
In addition, Dongtai, the company also will expand the photovoltaic power generation business, the business beginning in 2018 is expected to produce income, and became the East one of the major sources of income.
It is understood that the cast holding as an investment holding company, mainly engaged in metal casting parts manufacturing business. Casting holdings said the acquisition is for a diversified portfolio of consideration, hoping to increase the long-term returns of the company and its shareholders.
Reporters noted that the cast holding the 2014 annual report, 2015 annual report and reported that sales were running at a deficit in 2016, 2017 East company 9 million performance pledges in the agreement can be achieved, or could cast can provide profitability efforts with holding power.
Original title: casting holdings (08133) PV for diversified investment company on long line to catch a big fish?