Shenghong Technology: The wholly-owned subsidiary MFSS has paid all transaction consideration in full.

K-LinePoet · 2026-02-22T14:49:35+00:00

Shenghong Technology announced that it has acquired 100% equity of Maxeon Solar, a subsidiary of TCL Zhonghuan Holdings, through its wholly-owned subsidiary in Singapore for no more than $51 million. The transaction funds come from its own funds and bank loans, and the completion of the transfer has been finalized.

K-LinePoet

2026-02-22 14:49:35

Abstract generation in progress

Shenghong Technology Announcement: The company plans to acquire 100% equity of SPMY, which is indirectly wholly owned by TCL Zhonghuan New Energy Technology Co., Ltd., through its wholly owned Singapore subsidiary MFSS in cash. The total purchase price for this transaction will not exceed $51 million, with the final purchase price determined according to the terms of the transaction documents. On February 13, 2026, MFSS has paid the full transaction consideration in accordance with the Equity Sale and Purchase Agreement signed with the counterparty SunPower Technology Ltd. The source of funds for the transaction consideration includes self-owned funds, bank loans, and other methods. MFSS has completed all settlement work for this transaction jointly with the seller.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.