November 5, Dongying Photovoltaic (CNPV) ((NYSE Euronext: ALCNP) announced that the company ownership restructuring plan, Dongying Municipal Government to control the company offered to buy CNPV50.38% of the shares, the purchase price is $ 10 million.
This means CNPV Prior to industry rumors of nationalization of the message is further confirmed also marks LDK Solar PV “rescue” the government directly added one case. CNPV also may eventually become the first to achieve the “nationalization” of the first PV companies.
It is understood that, CNPV was founded in 2006, is an industry-leading multi product solar PV companies, major production of ingots, wafers, cells & solar modules; through the design, manufacture and provide efficient cost effective terrestrial crystalline solar photovoltaic modules to around the world grid and away from the presence of civil, commercial, workers with and public facilities to provide reliable and environmentally clean electric power.
The incumbent Dongying Photovoltaic Power Co., Ltd. Chairman Wang safety CNPV Dongying Photovoltaic Power Company Limited, founded in 2006, and in August 2008 GEM Euronext Alternext market listing. PV industry into Europe and the United States anti-dumping blow CNPV were spared. Not long ago, the European Commission listed dialogue PV anti-dumping list, CNPV also among them. Its products are generally more than 80% of the market share in Europe. PV industry-wide corporate debt ratio high, many companies have been on the verge of the edge of bankruptcy.
In this context, including the previous LDK, Suntech and other leading enterprises has been a stream of the “nationalization” of the message. October 22, LDK LDK (NYSE: LDK) announced that the company the Xinyu government shares of the company took place on October 19, 2012 and entered into a share acquisition agreement, the company will be $ 0.86 per share price of the acquisition race dimensional recently issued ordinary shares, equivalent the LDK Solar prior to the issuance of all the issued and outstanding capital stock of 19.9%. Suntech has also been media frequently be exposed to advance its process of “nationalization” is being led by the Wuxi municipal government.
Overwhelmed by Dongying Municipal Government’s For holding CNPV, may be the first to complete the process of “nationalization” in the real sense of the. According to media reports, CNPV said in its announcement accordingly PV industry crisis is experiencing serious cash flow problems and subsidiaries Dongying Photovoltaic return of bank due loans and fulfill other commitments, CNPV must quickly find other financing measures.
Reported that, in consultation with the management of CNPV CNPV Board is of the view that the above agreement is acceptable and the maximum to guarantee the interests of the shareholders and employees of the Company. CNPV The Board therefore recommends that the shareholders would have given approval to convene on November 5.
CNPV the nationalized government again directly bail
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November 5, Dongying Photovoltaic (CNPV) ((NYSE Euronext: ALCNP) announced that the company ownership restructuring plan, Dongying Municipal Government to control the company offered to buy CNPV50.38% of the shares, the purchase price is $ 10 million.
This means CNPV Prior to industry rumors of nationalization of the message is further confirmed also marks LDK Solar PV “rescue” the government directly added one case. CNPV also may eventually become the first to achieve the “nationalization” of the first PV companies.
It is understood that, CNPV was founded in 2006, is an industry-leading multi product solar PV companies, major production of ingots, wafers, cells & solar modules; through the design, manufacture and provide efficient cost effective terrestrial crystalline solar photovoltaic modules to around the world grid and away from the presence of civil, commercial, workers with and public facilities to provide reliable and environmentally clean electric power.
The incumbent Dongying Photovoltaic Power Co., Ltd. Chairman Wang safety CNPV Dongying Photovoltaic Power Company Limited, founded in 2006, and in August 2008 GEM Euronext Alternext market listing. PV industry into Europe and the United States anti-dumping blow CNPV were spared. Not long ago, the European Commission listed dialogue PV anti-dumping list, CNPV also among them. Its products are generally more than 80% of the market share in Europe. PV industry-wide corporate debt ratio high, many companies have been on the verge of the edge of bankruptcy.
In this context, including the previous LDK, Suntech and other leading enterprises has been a stream of the “nationalization” of the message. October 22, LDK LDK (NYSE: LDK) announced that the company the Xinyu government shares of the company took place on October 19, 2012 and entered into a share acquisition agreement, the company will be $ 0.86 per share price of the acquisition race dimensional recently issued ordinary shares, equivalent the LDK Solar prior to the issuance of all the issued and outstanding capital stock of 19.9%. Suntech has also been media frequently be exposed to advance its process of “nationalization” is being led by the Wuxi municipal government.
Overwhelmed by Dongying Municipal Government’s For holding CNPV, may be the first to complete the process of “nationalization” in the real sense of the. According to media reports, CNPV said in its announcement accordingly PV industry crisis is experiencing serious cash flow problems and subsidiaries Dongying Photovoltaic return of bank due loans and fulfill other commitments, CNPV must quickly find other financing measures.
Reported that, in consultation with the management of CNPV CNPV Board is of the view that the above agreement is acceptable and the maximum to guarantee the interests of the shareholders and employees of the Company. CNPV The Board therefore recommends that the shareholders would have given approval to convene on November 5.