Key Developments: Yingli Green Energy Holding Co Ltd (YGE.N)
3.55USD
4:00pm EDT
$0.45 (+14.52%)
$3.10
$3.88
$4.83
$3.48
4,242,188
355,016
$4.83
$1.25
Latest Key Developments (Source: Significant Developments)
Yingli Green Energy Holding Co Ltd's Yingli Energy (China) Company Limited (Yingli China) Signs Two Loan Agreements With China Development Bank
Yingli Green Energy Holding Co Ltd announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited (Yingli China), signs two loan agreements (the Agreements) with China Development Bank (CDB) with an aggregate of USD165 million. Under the terms of the Agreements, CDB will provide Yingli China with a one-year loan of USD110 million and a three-year loan of USD55 million to complement its working capital needs and support the procurement of raw material. Full Article
Yingli Green Energy Holding Co Ltd Announces Strategic Cooperation with GCL-Poly
Yingli Green Energy Holding Co Ltd announced that the Company has entered into a non-binding strategic cooperation framework agreement (the Agreement) with GCL-Poly Energy Holdings Limited (GCL-Poly). Under the terms of the Agreement, Yingli Green Energy and GCL-Poly wish to leverage their advantages in the PV sector, including research and development and product manufacturing, and seek to fully cooperate with each other along the PV supply chain. Full Article
Yingli Green Energy Holding Co Ltd Comments On FY 2013 Revenue Guidance-Conference Call
Yingli Green Energy Holding Co Ltd announced that it expects revenue will be continue to increase in fiscal 2013. Full Article
Yingli Green Energy Holding Co Ltd Establishes Strategic Partnership With SAP AG
Yingli Green Energy Holding Co Ltd announced that it has entered a strategic partnership agreement with SAP AG. According to the Agreement, Yingli Green Energy will apply SAP's enterprise resource planning (ERP) software and business intelligence (BI) solutions. The implementation of the ERP software and the BI solutions (the Project) is designed to be accomplished in four phases. Yingli Green Energy expects the first phase of the Project to be online in October 2013. Full Article
Solyndra Seeks $1.5 Billion In Damages From Suntech Power Holdings Co Ltd, Trina Solar Ltd, Yingli Green Energy Holding Co Ltd-Reuters
Reuters reported that solar firm Solyndra has filed a lawsuit against three U.S. listed Chinese solar players, including Suntech Power Holdings Co Ltd, seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on October 15, 2012. The lawsuit was filed against Suntech, Trina Solar Ltd and Yingli Green Energy Holding Co Ltd claiming that the trio's panel prices moved in tandem. Solyndra, which claims in the lawsuit that the trio were involved in predatory pricing and price fixing, filed for bankruptcy a year ago as it could no longer compete with plunging prices of solar panels imported from China. The lawsuit is Solyndra, LLC v. Suntech Power Holdings Co Ltd et al, U.S. District Court, Northern District of California, No. 12-05272. Full Article
Yingli Green Energy Holding Co Ltd's Yingli Green Energy Australia Pty. Ltd. Partners With Solar 360 In Australia
Yingli Green Energy Holding Co Ltd announced that announced that one of its wholly-owned subsidiaries, Yingli Green Energy Australia Pty. Ltd. (Yingli Australia), has signed a Master Distributor Agreement (the Agreement) with Solar 360 Pty Ltd. (Solar 360) to appoint Solar 360 as a sales partner in Australia. According to the Agreement, Solar 360 will sell and promote 30 MW of Yingli Solar modules in Australia in the following 12 months through a unique Accredited dealer network of up to 100 accounts across all geographic regions of Australia. Full Article
Yingli Green Energy Hold. Co. Ltd.'s Yingli Energy (China) Company Limited Completes Issuance of RMB1.5 Billion Medium Term Notes
Yingli Green Energy Hold. Co. Ltd. announced that one of its primary operating subsidiaries, Yingli Energy (China) Company Limited (Yingli China), has successfully completed its issuance of 1.5 billion RMB-denominated unsecured medium-term notes (the Issuance). The Issuance is composed of 300 million RMB-denominated five-year medium-term notes (the Five-year Notes) and 1.2 billion RMB-denominated three-year medium-term notes (the Three-year Notes). The Five-year Notes bear a fixed annual interest rate of 6.01% and will mature on May 3, 2017. The Three-year Notes bear a fixed annual interest rate of 5.78% and will mature on May 3, 2015. China Development Bank (CDB) acted as the lead underwriter and book runner for the Issuance with standby commitment. 60% of the proceeds will be used to enhance Yingli China's working capital, and the remaining 40% will be used to repay bank loans of higher interest rates. Full Article
Yingli Green Energy Hold. Co. Ltd. Enters Into Supply Agreement With IBC For Supply Of Up To 200 MW Of PV Modules In 2012
Yingli Green Energy Hold. Co. Ltd. announced that it has entered into a supply agreement (Agreement) with IBC SOLAR AG (IBC), one of the specialists in PV systems worldwide. Under the terms of the agreement, the Company has agreed to supply 180 MW of multi-crystalline and mono-crystalline (Panda) PV modules to IBC during the year of 2012. IBC has an option to purchase another 20 MW in 2012 under the Agreement. The modules are expected to be installed in Germany, other European countries, as well as globally. Full Article
CIT Group Inc. And Yingli Green Energy Holding Company Limited Announce Strategic Financing Relationship
CIT Group Inc. and Yingli Green Energy Holding Company Limited announced a strategic financing relationship. Under the terms of the agreement, CIT Vendor Finance will provide financing options for the purchase and installation of modules to the customers of Yingli Green Energy's U.S. subsidiary, Yingli Americas. Full Article
Yingli Green Energy Hold. Co. Ltd. Announces Share Repurchase Program
Yingli Green Energy Hold. Co. Ltd. announced that its Board of Directors has authorized a share repurchase program. Under the terms of the approved program, Yingli Green Energy may repurchase up to USD100 million worth of its issued and outstanding American Depositary Shares (ADSs) from time to time over the next 12 months in the open market or in negotiated transactions, subject to market conditions and other factors, as well as relevant rules under the Securities Exchange Act of 1934, as amended (the Act). The Company will also effect repurchase transactions in compliance with Rule 10b5-1 under the Act and the Company's insider trading policy. Yingli Green Energy plans to fund repurchases made under this program from its available cash balance, cash from operations or cash from other sources. Full Article
BRIEF-Yingli Green Energy jumps 23.2 percent premarket
NEW YORK, May 21 - Yingli Green Energy Holding Co Ltd : * Jumps 23.2 percent to $3.82 in premarket after preliminary Q1 results
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