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Sky Solar Holdings Ltd (SKYS.OQ)

SKYS.OQ on NASDAQ Stock Exchange Capital Market

0.60USD
18 Jan 2019
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$-0.01 (-1.97%)
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Latest Key Developments (Source: Significant Developments)

Sky Solar Holdings Announces Withdrawal Of Litigation By Solar Partnership Capital
Wednesday, 26 Dec 2018 08:29am EST 

Dec 26 (Reuters) - Sky Solar Holdings Ltd ::SKY SOLAR HOLDINGS, LTD. ANNOUNCES TK INTEREST PURCHASE AND SALE AGREEMENT AND WITHDRAWAL OF LITIGATION BY SOLAR PARTNERSHIP CAPITAL LTD..SKY SOLAR HOLDINGS - UNDER TERMS OF AGREEMENT, SKY SOLAR MADE A PAYMENT OF JPY 2 BILLION (US$18 MILLION) TO SPC UPON SIGNING OF AGREEMENT.SKY SOLAR HOLDINGS LTD - ADDITIONAL JPY13.4 BILLION (US$121 MILLION) WILL BE PAID ON OR BEFORE APRIL 1, 2019.SKY SOLAR HOLDINGS LTD - ON DEC. 20, SPC WITHDREW LAWSUIT IT FILED AGAINST SSJ ON JUNE 25, 2018.SKY SOLAR - UPON PAYMENT OF $121 MILLION, SPC'S ENTIRE INTEREST UNDER TK AGREEMENT WILL BE TRANSFERRED TO SKY SOLAR OR ANY OF ITS DESIGNATED PURCHASERS.SKY SOLAR HOLDINGS LTD - TK INTEREST PURCHASE PAYMENT IS GUARANTEED BY SKY SOLAR AND ITS SUBSIDIARIES..SKY SOLAR HOLDINGS LTD - SKY SOLAR HAS OPTION TO RAISE EXTERNAL FINANCING BY UTILIZING PROJECTS UNDER TK AGREEMENT.SKY SOLAR HOLDINGS LTD - CAN INITIATE A PROCESS TO SELL PROJECTS UNDER TK AGREEMENT.SKY SOLAR HOLDINGS LTD - PROCEEDS FROM EITHER OF THESE TRANSACTIONS WILL BE USED TO MAKE TK INTEREST PURCHASE PAYMENT..SKY SOLAR HOLDINGS LTD - ENTERED INTO A TK INTEREST PURCHASE AND SALE AGREEMENT WITH SOLAR PARTNERSHIP CAPITAL AND CONSCIOUS PARTNERS KK.  Full Article

Sky Solar Holdings - Solar Partnership Capital, In July 2018, Filed A Lawsuit Against Co's Subsidiary, Sky Solar Japan Co
Monday, 10 Sep 2018 04:15pm EDT 

Sept 10 (Reuters) - Sky Solar Holdings Ltd ::SKY SOLAR HOLDINGS - SOLAR PARTNERSHIP CAPITAL LTD, IN JULY 2018, FILED A LAWSUIT AGAINST COMPANY'S WHOLLY-OWNED SUBSIDIARY, SKY SOLAR JAPAN CO LTD.SKY SOLAR - LAWSUIT ALLEGES THAT THERE ARE SIGNIFICANT DIFFERENCES IN UNDERSTANDINGS OF SILENT PARTNERSHIP BETWEEN SSJ AND SOLAR PARTNERSHIP CAPITAL.  Full Article

Sky Solar announces results of investigation into conduct of former CEO
Tuesday, 19 Sep 2017 06:58am EDT 

Sept 19 (Reuters) - Sky Solar Holdings Ltd :Sky Solar announces results of investigation into conduct of former CEO and settlement agreement with former CEO.Sky Solar Holdings - ‍independent committee of board concluded investigation into conduct of Weili Su, former CEO and former chairman​.Sky Solar - ‍on Sept 19, entered settlement agreement with Su to resolve all potential claims by co against Su and certain entities controlled by him​.Sky Solar Holdings Ltd - ‍ under this agreement, Su agrees to pay back to company approximately US$15 million​.Sky Solar - ‍Dahui lawyers concluded that some deals, fund transfers between co, certain entities controlled by Su were not approved by board.Sky Solar - ‍Su agreed to pay back to co about $15 million as per terms of deal.Sky Solar-under agreement,various debt assignment deals signed among co,certain third parties,entities controlled by Su in April 2017 shall have no effect.  Full Article

Sky Solar Holdings Ltd says shareholders voted against removal of Wang Jianmin as CFO
Friday, 28 Jul 2017 09:36am EDT 

July 28 (Reuters) - Sky Solar Holdings Ltd :Co's shareholders voted against removal of Wang Jianmin as CFO and appointment of Wu Hao as CFO.  Full Article

Sky Solar announces progress in investigation of conduct of former CEO
Wednesday, 28 Jun 2017 09:32am EDT 

June 28 (Reuters) - Sky Solar Holdings Ltd :Sky Solar announces progress in investigation of conduct of former CEO.Sky Solar Holdings Ltd - On June 27, an independent committee of co's board engaged dahui lawyers to investigate conduct of former CEO Weili Su.Sky Solar Holdings - ‍investigation involves certain transactions and fund transfers which appear to lack proper board and audit committee authorization​.  Full Article

Sky Solar announces change of independent director
Friday, 16 Jun 2017 08:26am EDT 

June 16 (Reuters) - Sky Solar Holdings Ltd ::Sky Solar announces change of independent director and formation of independent committee to investigate conduct of former CEO.Sky Solar Holdings Ltd says Glen Wei resigned as an independent director of company effective as of June 14, 2017.Sky Solar Holdings Ltd - ‍Xuelong Pei was appointed as an independent director of company effective as of June 15, 2017​.  Full Article

Sky Solar provides additional details on intended investigation of conduct of former CEO
Thursday, 15 Jun 2017 09:51am EDT 

June 15 (Reuters) - Sky Solar Holdings Ltd :Sky solar provides additional details on intended investigation of conduct of former ceo and clarifications on shareholders meeting.Sky solar -conduct subject to investigation involved certain transactions and fund transfers which appear to lack proper board and audit committee authorizations.Sky solar holdings ltd says company is evaluating potential impact of these transactions and fund transfers.Sky solar holdings - expects to establish committee in next two to three days to investigate conduct of its former ceo weili su.Sky solar -weili su remains as director until earlier of adoption of ordinary resolution in shareholders meeting to remove him from director position.  Full Article

Sky Solar Holdings says June 19 EGM to be adjourned, new EGM record date of July 6, 2017
Friday, 9 Jun 2017 11:50am EDT 

June 9 (Reuters) - Sky Solar Holdings Ltd ::Says June 19 extraordinary meeting will be immediately adjourned with no business conducted.Additional new independent director appointed.Meeting will reconvene on July 28, 2017, with a notice period.Record date for new EGM will be July 6, 2017​.Says effective immediately, Qiang Zhan was appointed as an independent director of company.  Full Article

Sky Solar Holdings named Hao Wu as new chairman of board
Tuesday, 6 Jun 2017 02:37pm EDT 

June 6 (Reuters) - Sky Solar Holdings Ltd ::Sky Solar Holdings Ltd announces the call of an extraordinary shareholders meeting, and change of management and appointment of an independent director.Named Hao Wu as new chairman of board of directors of company, replacing Su, effective immediately​.Su will also no longer serve as company's chief executive officer​.Set up executive committee and is actively searching for candidates for vacated management positions​.Weili Su remains as a director of company​.  Full Article

Sky Solar Holdings Q4 loss per share $0.02
Monday, 15 May 2017 06:30am EDT 

May 15 (Reuters) - Sky Solar Holdings Ltd :Sky solar holdings, ltd. Reports fourth quarter and full year 2016 unaudited financial results.Q4 loss per share $0.02.Q4 revenue rose 13.4 percent to $13.8 million.Sky solar holdings ltd - as of december 31, 2016, 84.5 mw under construction, 172.2 mw of shovel-ready projects, and 1.0 gw of solar parks in pipeline.  Full Article