Akcome technology announced Monday that its subsidiary Zhejiang Akcome Photovoltaic Technology Co., Ltd. has received a court order from the Changxing Court to accept its bankruptcy reorganization petition. Zhejiang Akcome plans to participate in restructuring procedures and actively communicate with strategic partners, shareholders and creditors to introduce strategic investors, optimize debt structure and resume production. However, if the reorganization is not successful, the company will declare bankruptcy.
JinkoSolar announced this weekend that it has ended its 2023 plan to issue A shares to specific investors. Under the previous proposal, the company aimed to raise up to CNY9.7 billion ($1.5 billion) to support the development of its integrated manufacturing base project in Shanxi. JinkoSolar stated that this decision was made after “extensive consideration of industry trends, the actual situation of the company and future strategic planning.”
Jinko power has announced that its wholly owned subsidiary, Jinko Power Spain, SL, plans to sell 100% of its shares in four subsidiaries: Universal Reward, SLU, We Are So Good, SLU, The Main Speed, SLU and Good 2 Follow, SLU — to China Huadian Hong Kong Co., Ltd. The transaction has a value of up to €175 million. This deal includes the sale of the 175 MW Antequera photovoltaic project in Spain, which is currently under construction and scheduled for commercial operation by September 30, 2025. The share transfer will take place upon completion of the project, with the final transaction value adjusted based on the actual installed capacity of the project.
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