SH-listed LONGi unit acquires new energy technology firm Ningbo Yize for $253m

SH-listed LONGi unit acquires new energy technology firm Ningbo Yize for $253m

LONGi Solar is set to acquire 100 per cent stake in new energy firm Ningbo Jiangbei Yize New Technology Co Ltd (Ningbo Yize) for 1.78 billion yuan ($253 million), per a filing with the Shanghai Stock Exchange (SSE). LONGi Solar is a subsidiary of leading China-based solar technology major LONGi Green Energy Technology Co Ltd (LONGi Group),