# Skycorp Solar Group Limited signs a Share Acquisition Agreement to acquire the remaining 56% equity interests in Nanjing Cesun Power Co., Ltd.

*business · news · 2026-05-01 · The Manila Times*

## Key points

- Skycorp will acquire the remaining 56% of Nanjing Cesun, consolidating full ownership post-transaction.
- The acquisition price values Nanjing Cesun at USD36,062,000, supported by an independent third-party valuation.
- The transaction involves related-party considerations, as Skycorp's CEO holds direct and indirect selling interests.
- Skycorp secured USD3,000,000 in a private placement at a 30% share price discount from three institutional investors.
- All newly issued shares from both transactions are subject to six- to twenty-four-month lock-up periods.

**Companies:** Skycorp Solar Group Limited, Nanjing Cesun Power Co., Ltd.
**Countries:** China, British Virgin Islands, Cayman Islands, Singapore

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/05/02/tmt-newswire/globenewswire/skycorp-solar-group-limited-announces-acquisition-of-remaining-56-stake-in-nanjing-cesun-power-co-ltd-and-30-million-private-placement/2334076)

---

Canonical: https://newsio.io/n/aef6992f-e560-4621-bce7-3e0a68b67d14/skycorp-solar-group-limited-signs-a-share-acquisition-agreement-to-acquire-the-r
Summarized by Newsio from The Manila Times. https://newsio.io/how-it-works