Center International Group Co.,Ltd. completed the acquisition of LONGi Green Energy Photovoltaic Engineering Co., Ltd. from Xi'an LONGi Green Energy Building Technology Co., Ltd.
April 24, 2022
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Center International Group Co.,Ltd. (SHSE:603098) entered an agreement acquire LONGi Green Energy Photovoltaic Engineering Co., Ltd. from Xi'an LONGi Green Energy Building Technology Co., Ltd. for approximately CNY 68 million on March 31, 2022. Center International Group will pay 40% of the consideration within 5 working days of signing of agreement, after paying the first tranche of consideration, Xi'an LONGi Green Energy Building Technology will cooperate to make industrial and commercial changes. As of February 28, 2022, the total assets of LONGi Green Energy Photovoltaic Engineering Co., Ltd. were approximately CNY 310 million and the net assets were approximately CNY 81 million. The transaction has been approved by the board of Center International Group Co.,Ltd.
Center International Group Co.,Ltd. (SHSE:603098) completed the acquisition of LONGi Green Energy Photovoltaic Engineering Co., Ltd. from Xi'an LONGi Green Energy Building Technology Co., Ltd. on April 25, 2022.
CENTER INTERNATIONAL GROUP CO., LTD. is a China-based company principally engaged in the research, development, production and distribution of environmental friendly construction materials and the provision of related engineering design, production, installation and after-sales services. The Companyâs products mainly include metal composite curtain wall plate, metal house wall single board, as well as sound absorbing barrier plate, among others. Its products are mainly applied in the fields of industrial construction, public construction and transportation engineering. The Company mainly operates its business in domestic market.
Center International Group Co.,Ltd. completed the acquisition of LONGi Green Energy Photovoltaic Engineering Co., Ltd. from Xi'an LONGi Green Energy Building Technology Co., Ltd.