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Hareon Solar Technology Co Ltd Amends Project Investment Plan

Monday, 15 Jul 2013 08:00pm EDT 

Hareon Solar Technology Co Ltd announced that it has amended its project investment plan, according to which it would set up a wholly owned subsidiary in Gucheng County, for the construction of a 50 megawatt photovoltaic power generation project. The Company will invest RMB 50,000 to set up a joint venture with a Jiangxi-based investment company instead, with each holding a 5% (the Company) and a 95% stake. The new entity will still 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.