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Hareon Solar Technology Co Ltd and Subsidiary to Set up Subsidiaries

Tuesday, 21 May 2013 08:00pm EDT 

Hareon Solar Technology Co Ltd announced that it will set up a wholly owned subsidiary (Subsidiary A) in Gucheng County, for the construction of a 50 megawatt photovoltaic power generation project. Subsidiary A will be with a registered capital of RMB 1 million and be engaged in the investment, construction and operation of power generation project and research of relative technologies. The Company's existing wholly owned subsidiary, a Xinjiang-based electric power investment company, will also set up two wholly owned subsidiaries in Xinjiang, for the construction of two 20 megawatt photovoltaic power generation projects, respectively located in Tulufan City and Jinghe County, Xinjiang. The two new subsidiaries will be both with a registered capital of RMB 1 million and be engaged in the development of solar power and relative technologies, research, development and sale of solar batteries, as well as export and import of goods and technologies.