Saturday, September 15, 2007

China South will acquire Tianwei group and invest 45 billion RMB in the new energy business

It is said that China South will sign the agreement to acquire Tianwei group soon, and China South plans to invest 15 billion RMB in the new energy business (especially the solar energy business) of Tianwei Group in the 11th five year plan period, and further invest 30 billion RMB in future.

Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.

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