Fengfan Stocks intends to acquire 100% equity in eight photovoltaic (PV) power station project companies, which are currently under its holding subsidiary Jingying Optoelectronics, for a total sum of RMB 48 million. This strategic move aims to streamline the business structure, enhance sector focus, and consolidate these project companies under Fengfan New Energy, a wholly-owned subsidiary, for centralized management.
