SHANGHAI, May 26, 2016 /PRNewswire/ -- SPI Energy Co., Ltd.
("SPI Energy" or the "Company") (Nasdaq: SPI), a global provider of
photovoltaic (PV) solutions for business, residential, government
and utility customers and investors, today announced that its Board
of Directors has approved a plan to list a wholly owned subsidiary
under its power plant management and service business unit,
Meicheng Power Suzhou Ltd. ("Meicheng"), on the National Equities
Exchange and Quotations ("NEEQ"), an over-the-counter market for
small and medium enterprises in China. Meicheng owns and operates
utility-scale PV projects as well as commercial distributed
generation PV projects across China. The Company has appointed an advisory
committee to prepare for the listing that includes Ping An
Securities Company, Ltd., Jingtian & Gongcheng Law Firm and
United Ericsson Certified Public Accountants.
Established by the State Council in late 2012, the NEEQ is a
national over-the-counter market that supplements trading
activities on the Shanghai and Shenzhen stock
exchanges, including the related Growth Equity Market exchanges.
The NEEQ allows for trading of stocks of growth companies that do
not otherwise satisfy the requirements for listing on the
Shanghai
and Shenzhen stock exchanges, allowing small and medium
enterprises in China access to the capital markets and
greater exposure to the investment community.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV)
solutions for business, residential, government and utility
customers and investors. SPI Energy focuses on the downstream PV
market including the development, financing, installation,
operation and sale of utility-scale and residential solar power
projects in China, Japan, Europe
and North America. The Company
operates an innovative online energy e-commerce and investment
platform, www.solarbao.com, which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as www.solartao.com, a B2B e-commerce
platform offering a range of PV products for both upstream and
downstream suppliers and customers. The Company has its operating
headquarters in Shanghai and
maintains global operations in Asia, Europe,
North America and Australia.
For additional information visit: www.spisolar.com,
www.solarbao.com or www.solartao.com.
Safe Harbor Statement
This release contains certain "forward-looking statements."
These statements are forward-looking in nature and subject to risks
and uncertainties that may cause actual results to differ
materially. All forward-looking statements included in this release
are based upon information available to the Company as of the date
of this release, which may change, and the Company undertakes no
obligation to update or revise any forward-looking statements,
except as may be required under applicable securities law.
Contact:
Tairan Guo
ir@spisolar.com
+86 21 8012 9135
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/spi-energy-announces-plans-to-list-shares-of-meicheng-subsidiary-on-chinas-neeq-300275539.html
SOURCE SPI Energy