PVTIME – On March 22, Shanghai Aiko Solar Energy Co., Ltd.(600732.SH) issued an announcement on an Equipment Procurement Contract that signed by Zhuhai Max Automation System Co., Ltd.and Zhuhai Fushan Aiko, a subsidiary of Shanghai Aiko, in order to provide equipment for Aiko’s Zhuhai base.
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According to the Contract, Zhuhai Fushan Aiko will purchase 16 sets of equipment for solar cell production from Zhuhai Max with a total contract value of 86.08 million yuan (tax included) .
This transaction will be a connected transaction since the actual controller of Zhuhai Fushan Aiko, Mr. Chen Gang, is also the actual controller of Zhuhai Max. The above transaction does not constitute a major asset reorganization as stipulated in the Measures for the Administration of Major Asset Restructuring of Listed Companies.