On the evening of November 21, Ningbo Yingli Power Tech Co., Ltd. made public its intention to allocate approximately 66.497 million yuan, either from its own reserves or raised capital, to purchase 100% of the equity stake in Foshan Zhiqiang Optoelectronics Co., Ltd. This strategic move is aimed at securing a foothold in the supply chain of a prominent PC brand based in North America. Ningbo Yingli Power Tech Co., Ltd., along with its wholly-owned subsidiary, has entered into an acquisition pact with the pertinent stakeholders. Upon the culmination of this transaction, Foshan Zhiqiang will transition into a fully-owned subsidiary of Ningbo Yingli Power Tech Co., Ltd.
