BE Clean Energy (01250) Intends to Issue 4.045 Billion New Shares to TusHoldings Print

Post Time：2016-07-20来源：Tus-Holdings

BE Clean Energy Group (01250) has issued a public notice that it intends to issue 4.045 billion new shares to Tus Scenenic Innovation Co., Ltd. (an overseas wholly owned subsidiary under TusHoldings ) at a price of HK$ 0.17 per share (hereinafter with the same unit). The total consideration is approximately HK$ 687 million, which will be used, for the development of its photovoltaic power generation and general working capital purposes.

According to the notice, BE Clean Energy Group entered into a memorandum of understanding with TusHoldings on July 20, 2016. According to the memorandum, TusHoldings agrees to grant BE Clean Energy Group the exclusive right to purchase equity held by TusHoldings indirectly in Beijing Qingyun Sunshine Energy Technology Co., Ltd. (hereinafter referred to as “Beijing Qingyun”) according to the terms & conditions set out in the memorandum of understanding and subject to such terms & conditions thereunder.

According to the notice, as a comprehensive large enterprise, TusHoldings has integrated environmental protection, new energy, all-in-one health care, digital information and other high-tech sunrise industries, established over 140 innovation parks and bases successfully and managed total assets of over RMB 100 billion.

In addition, Beijing Qingyun is mainly engaged in general contracting, technical development of solar photovoltaic systems & equipment, technical consulting and technical services.

Currently, BE Clean Energy Group is actively exploring new services, such as Smart Energy, to create complementary advantages in distributed resources through cooperation with TusHoldings . In the future, based on BE Clean Energy Group’s rich experience in power plant construction and development as well as TusHoldings ’ technological innovation service capacity, the two parties will conduct all-round cooperation relating to energy Internet, energy storage micro-grid, sale of electricity, etc. 

It is reported that BE Clean Energy is a group established in April 2015 and committed to the clean energies related to the development and construction of large-sized ground-based power plants, distributed power plants and micro-grid off-grid power plants as well as the strategic development of human clean energy, so as to meet the ever-changing energy demand. Up to now, BE Clean Energy projects have been distributed in Hebei, Henan, Shandong, Yunnan, Inner Mongolia, Xinjiang, Tibet, etc. It is expected that 2G photovoltaic power plants will be invested, constructed and operated within three years. In the future, BE Clean Energy will diversify its business and expand its footprint nationwide, thereby developing into a photovoltaic-based clean energy platform and a leader in the industry.

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