TCL Zhonghuan Renewable Energy Technology (002129.SZ) announced that the company and its controlling subsidiary Maxeon Solar Technologies, Ltd. (referred to as "Maxeon" or "MAXN") have signed a list of terms.
Intelligent Finance and Economics APP news, TCL Zhonghuan Renewable Energy Technology (002129.SZ) announced that the company and its controlling subsidiary Maxeon Solar Technologies, Ltd. (referred to as "Maxeon" or "MAXN") have signed a list of terms. The company intends to purchase 100% equity of SunPower Philippines Manufacturing Ltd. (Cayman) (referred to as "SPML"), a wholly-owned subsidiary of SPML in non-U.S. regions, and related tangible and intangible assets including the SunPower trademark.
The announcement stated that the company's controlling subsidiary MAXN is an important layout for the global business development of the company, possessing a series of patents such as IBC battery-modules, Topcon battery technology, shingle modules, as well as advantages in brand and channels. To better cope with the downward pressure of the industry, fully leverage the comparative advantages and business synergies of both parties, further promote resource integration and optimization, help optimize the subsidiary's business structure, improve the company's business layout in the global market, the company plans to implement this trade. This trade will help the company integrate overseas manufacturing and channel resources, enhance collaborative management capabilities, and drive the development of the company's global business.
