[For immediate release]
Kong Sun acquires grid-connected PV power plant in Inner Mongolia
with installed capacity of 30MW
*****
Further enhance total installed capacity
(5 January 2016 – Hong Kong) Kong Sun Holdings Limited (“Kong Sun” or the “Company”,
SEHK stock code: 295, which together with its subsidiaries is referred to as the “Group”),
which invests in and operates photovoltaic (“PV”) power stations, is pleased to announce that
the Group acquires a PV power plant in Tongliao, Inner Mongolia with installed capacity of
30MW. The power plant has been connected to the power grid on 12 August 2015.
The total consideration, including the assumption of the debts and liabilities of the project, of
the photovoltaic power plant is approximately RMB271 million, which shall be settled in cash
by the Company’s internal resources.
Dr. Liu Wen Ping, Executive Director of Kong Sun, commented, “After the completion of the
acquisition, our total installed capacity will then increase to around 600MW. By leveraging on
our healthy financial position, we will continue to explore acquisition and development
opportunities in photovoltaic power projects across China, with the aim of bringing
considerable and consistent returns to our shareholders.”
- EndList of grid-connected photovoltaic projects:
Date
Project Location
Oct 2014
Hami, Xinjiang
Nov 2014
Yumen, Gansu
Nov 2014
Jiuquan, Gansu
Mar 2015
Yingjisha, Xinjiang
Mar 2015
Kuche, Xinjiang
Mar 2015
Wushi, Xinjiang
May 2015
Hejing, Xinjiang
June 2015
Makit, Xinjiang
June 2015
Lanzhou, Gansu
Oct 2015
Artux, Xinjiang
Oct 2015
Artux, Xinjiang
Oct 2015
Weixian, Hebei
Ordos,
Dec 2015
Inner Mongolia
Dec 2015
Guixi, Jiangxi
Dec 2015
Huzhou, Zhejiang
Equity Interest
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Installed Capacity
20 MW
20 MW
30 MW
20 MW
20 MW
20 MW
20 MW
20 MW
49.5 MW
30 MW
30 MW
30 MW
100%
10 MW
100%
100%
50 MW
100 MW
Kong Sun acquires grid-connected PV power plant of 30 MW in Tongliao, Inner Mongolia
to further enhance total installed capacity
5 Jan 2016 / Page 2 of 2
Dec 2015
Dec 2015
Dec 2015
Jan 2016
Hefei, Anhui*
Luan, Anhui*
Suzhou, Anhui*
Tongliao,
Inner Mongolia
100%
100%
100%
40 MW
40 MW
20 MW
100%
30MW
599.5 MW
* To be connected to the power grid on or before 31 January 2016.
Company Profile
Kong Sun principally engages in the investment and operation of photovoltaic power station
projects across various provinces and regions of China. It currently owns grid-connected
projects in Hami, Yingjisha, Kuche, Wushi, Hejing, Makit County and Artux of Xinjiang,
Yumen, Jiuquan, Lanzhou of Gansu, Weixian of Hebei, Ordos and Tongliao of Inner
Mongolia, Guixi of Jiangxi, Huzhou of Zhejiang, Hefei*, Luan* and Suzhou* of Anhui as well
as several photovoltaic power plants under development across China.
In addition, since 2014, Kong Sun has entered into a number of memorandum of
understanding and agreements for the investment in and development of photovoltaic power
plants across China.
Kong Sun is a constituent of MSCI Global Small Cap Indexes – China. It has also been
selected as constituent of the Hang Seng Global Composite Index & Hang Seng Composite
Index.
For further enquiries, please contact:
iPR Ogilvy & Mather
Tina Law / Gary Li / Louise Ye / Rosa Fung
Tel:
(852) 2136 6181 / 3170 6753 / 3920 7654 / 3920 7634
Fax:
(852) 3170 6606
Email: [email protected]