HT-SAAE to sell 81.76% stake in Lianyungang Shenzhou New Energy to address overcapacity

Type: Sale · Technology: Solar · Country: China · Announced: 2026-05-15

HT-SAAE announced plans to sell its 81.76% stake in Lianyungang Shenzhou New Energy Co., Ltd., a wholly owned subsidiary with 1.2 GW of cell and module manufacturing capacity. The divestment aims to address overcapacity and intense price competition in China's solar industry while improving HT-SAAE's asset management quality. The transaction is expected to help HT-SAAE restructure its business operations amid challenging market conditions. Lianyungang Shenzhou New Energy operates as a dedicated solar manufacturing platform within HT-SAAE's portfolio.

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