CNLight Ends Contract With Zongyu Garment, Signs New Deal With Affiliate

MT Newswires Live
16 Oct 2024

Chinese lamp maker CNLight (SHE:002076) terminated a contract with Guangzhou Zongyu Garment and signed a new one with its affiliate, Guangzhou Chuangke Photovoltaic Power, which is worth 2.3 million yuan,

The company, through subsidiary Guangdong Xingguang Energy Development, signed in August a deal to build a distributed photovoltaic power station on the roof of Zongyu Garment's factory.

After the termination, the company, through China Energy Construction (Guangdong) Energy Technology, signed an agreement to build a 1,000-kilowatt photovoltaic power generator on the rooftop of Chuangke Photovoltaic Power's factory in Nansha Science and Technology Innovation Industrial Park, China.

The solar generator will be built until Dec. 31, 2024.

Price (RMB): ¥1.80, Change: ¥+0.030, Percent Change: +1.69%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10