Maxeon is selling its overseas business to focus on the USA market.

As the market prospects improve, maxeon solar technologies ltd. has agreed to sell its non-usa business to a major shareholder to focus on the domestic market, and plans to start producing solar panels in the usa. According to a statement on Tuesday, maxeon has signed a five-year lease for a site in New Mexico, with manufacturing of solar panels expected to begin in 2026. Exchange announcements indicate that TCL, the parent company of maxeon's largest shareholder, will take over maxeon's business in latin america, asia, europe, and the middle east at fair market value.

Global market briefingNov 26 13:13 ET

concord ne will purchase approximately 0.323 billion yuan of cecep solar energy equipment from trina solar co., ltd.

Concord ne (00182) announced that on November 22, 2024, its wholly-owned subsidiary Haotai New Energy Equipment Co., Ltd. entered into a procurement contract with the supplier (trina solar co., ltd.). According to this contract, the buyer will pay the supplier approximately 0.323 billion yuan to purchase cecep solar energy equipment.

Sina Hong Kong stocksNov 24 19:45 ET

The usa International Development Finance Corporation is conducting due diligence on Adani's project in Sri Lanka.

The US International Development Finance Corporation (DFC) stated that it is still conducting due diligence on the Sri Lanka port development project supported by the Adani Group. Previously, the institution agreed to provide over $0.5 billion in loans for the project. An official replied to questions via email, stating that the institution has not yet reached a final agreement on the loan. The institution announced last year that it would provide financing for the port terminal in the capital of Sri Lanka, developed by the Adani Ports and Special Economic Zone Limited. It was reported that US prosecutors last week sued Adani and other defendants, accusing them of facilitating a bribery scheme of over $0.25 billion to win contracts in India's cecep solar energy sector.

Global market report.Nov 24 09:35 ET

Adani has been summoned by the usa Securities and Exchange Commission to explain its position regarding the bribery case.

The Press Trust of India reported, citing a notice issued by the Eastern District Court of New York on November 21, that billionaire Gautam Adani and his nephew Sagar Adani have been summoned by the usa Securities and Exchange Commission to explain their position regarding charges of bribery to win cecep solar energy contracts. The summons was delivered to their residence in Ahmedabad and requires a response within 21 days. If the Adani family fails to respond in time, a default judgment will be entered against them. Furthermore, it has been reported that the Supreme Court of India has received a new request concerning India.

Global market reportNov 24 00:37 ET

After the usa prosecution, Gautam Adani's wealth shrank by 15 billion dollars in just a few hours.

After being sued by usa prosecutors, the stocks and bonds prices of Gautam Adani's companies plummeted, rendering his wealth growth this year worthless. The Bloomberg Billionaires Index indicates that the net worth of this second richest person in asia shrank by more than 15 billion dollars earlier on Thursday. By noon Mumbai time, his wealth was approximately 73 billion dollars, down from 84.3 billion dollars at the end of 2023, and also below the peak of 122 billion dollars reached on June 3 this year. Since short-seller institutions Hindenburg released a report in January 2023, alleging fraud and poor corporate governance, this tycoon has faced difficulties over the past two years.

Global market reportNov 21 03:16 ET

Shenzhen Bourse Reviews CECEP Solar Energy's Convertible Bond Issuance Plan

MT NewswiresNov 18 22:41 ET