59.73 million yuan! Sente Holdings acquires LONGi Green Energy Engineering Company
Release Time:
2025-08-04
59.73 Million Yuan! Senteng Shares Acquires Longi Solar Engineering Company
Senteng Shares (603098) released an announcement on July 4th, disclosing the latest progress on the acquisition of 100% equity of Longi Green Energy Photovoltaic Engineering Co., Ltd.
According to the announcement, the company decided on March 31, 2022, to acquire all the equity of the target company for 68.49 million yuan in cash, and completed the industrial and commercial change registration on April 25 of the same year. The target company was included in the consolidated financial statements of Senteng Shares from April 2022.
Three years later, The transaction parties negotiated and adjusted the final acquisition price, reducing the equity transfer consideration by 7.63 million yuan. The adjusted final transaction price is 59.73 million yuan. Xi'an Longi Green Energy Building Technology Co., Ltd. needs to return the corresponding funds via bank transfer before July 15th.
Market analysts pointed out that the adjustment of the acquisition price may involve the difference between the actual operating conditions of the target company and the initial valuation expectations. In recent years, the photovoltaic industry has experienced challenges such as fluctuations in raw material prices and intensified market competition, resulting in adjustments to the asset value of some photovoltaic companies. Senteng Shares, as a leading enterprise in metal enclosure systems, reached a strategic cooperation with Longi Green Energy in 2021 to jointly expand the Building Integrated Photovoltaics (BIPV) business. The adjustment of the consideration for this acquisition may reflect the reasonable optimization of the transaction terms by both parties based on the current market environment.
It is worth noting that Longi Green Energy Photovoltaic Engineering Co., Ltd., as the main body within the Longi system focusing on photovoltaic engineering business, will strengthen the latter's business layout in the field of building integrated photovoltaics after its merger into Senteng Shares. Senteng Shares has been continuously increasing its investment in new energy businesses in recent years, and this acquisition further integrates industry chain resources. Although the final transaction price has been reduced, the target company has been incorporated into the listed company system for three years, and its business synergy has gradually emerged.
The information described in this article is derived from publicly available channels and aims to provide readers with relevant information. It does not constitute investment advice. When making any investment decisions, readers should fully consider their personal risk tolerance and consult with professional institutions.
Source / Sohu Photovoltaic Network
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