April 8 (Renewables Now) - China Singyes Solar Technologies Holdings Ltd (HKG:0750) said on Tuesday it has changed its name to China Shuifa Singyes Energy Holdings Ltd.
The move has become effective as of February 12, 2020, and reflects the investment of Shuifa Energy Group Ltd to become a majority shareholder in the company. Shuifa Energy, through its subsidiary Water Development HK Holdings Co Ltd, agreed to subscribe to almost 1.69 billion newly issued shares in China Singyes Solar last year.
The stock short name of Singyes Solar will change to SFSY ENERGY from April 9, 2020. The trading code of the company’s shares will remain the same.
The Chinese company is involved in the design and construction of curtain walls and building-integrated solar systems, as well as in the production of solar photovoltaic (PV) materials and solar thermal products. At the end of March, it posted a net loss attributable to owners of the company of CNY 995.2 million (USD 140.9m/EUR 129.5m), expanding from CNY 678.8 million a year back.
(CNY 1.0 = USD 0.142/EUR 0.130)