GOLDPOLY eyes 500MW new solar plants
Goldpoly New Energy Holdings Ltd (HK: 686), whose largest shareholder is China Merchants New Energy Group (CMNE), has tied up with China Triumph and Huawei Technologies on 500MW in new solar power plants, representing the first batch of project pipelines between the parties.
“With joint efforts, Goldpoly strives to maintain a leading position in the photovoltaic industry and this agreement provides strong evidence of our tight alliances with leading enterprises across the industry chain.
“Triumph possesses rich experience in providing EPC (Engineering, Procurement & Construction) services for solar power plants at home and abroad, while Huawei’s high-quality photovoltaic inverters will help facilitate the stable operation of our solar power plants overseas,” said Goldpoly Executive Director/CEO Mr. Alan Li.
Goldpoly believes this strategic cooperation with Triumph and Huawei hastens its drive toward expanding premium project pipelines, developing foreign markets and updating the network for operating photovoltaic plants worldwide.“The year 2014 will witness rapid growth for Goldpoly,” Mr. Li added.
According to the agreement, Goldpoly plans to acquire solar power plants which are developed and constructed by Triumph in China, Europe, North America and Japan, subject to the fulfillment of certain conditions.
The first batch of projects provides 500MW of installed capacity for target projects.
Goldpoly continues to reinforce its pioneering business model which integrates project financing with the photovoltaic business.
“We are determined to lay a solid foundation for building the most efficient and professional platform for operating photovoltaic power plants in the PRC.”
Huawei will be the preferred provider of inverters and information and communications technology (ICT) solutions for the coming projects, as appointed by Goldpoly and Triumph.
An internal rate of return on acquisitions of target projects should not be less than 9%.
Goldpoly New Energy Holdings Ltd is a leading solar power plant investor and operator in China. On 10 June 2013, the Company completed the acquisition of China Merchants New Energy Holdings Limited. Following the acquisition, the Company commenced a series of mergers and acquisitions by leveraging strong connections with large conglomerates to realize rapid growth. The Company aims to become the most efficient and professional platform for solar power plants business in the PRC, as well as to establish a healthy photovoltaic green ecosystem.
China Triumph International Engineering Co Ltd is one of the nation’s top groups engaged in scientific research and engineering. Granted qualifications of project advisory work and management as well as foreign trade rights, it is a key high-tech enterprise specialized in undertaking projects of developing new energy and reducing environmental pollution. China Triumph possesses rich experience and advantages in developing solar power plants at home and abroad.
Huawei Technologies Co Ltd is a leading global information and communications technology solutions provider. Its products and solutions have been deployed in over 140 countries, serving more than one third of the world's population. In the face of global environmental challenges, Huawei is tapping into the clean energy sector, providing advanced green energy solutions. Dedicated to become the best photovoltaic inverter provider in the world, Huawei spares no efforts in helping customers reduce energy consumption and carbon dioxide emissions, with a view to bringing benefits to ecological environmental protection, economic development and social sustainability.
GOLDPOLY completes purchase of 180MW in Qinghai
Goldpoly New Energy Holdings Ltd (HK: 686) along with shareholder firm Renewable Energy Trade Board Corp (EBOD) -- a renewable energy trading platform under China Merchants New Energy Group (CMNE) -- obtained a new business license on 7 January 2014 for the 180MW solar power project acquired from Zhongli Talesun in Gonghe, Qinghai Province, with the acquisition now having been formally completed.
As of 7 January 2014, Goldpoly has completed on-grid connection for 13 solar power plants with an aggregate solar electricity generation capacity of approximately 531.7MW.
“Goldpoly has successfully realized grid connection for a total of 531.7MW solar power plants which achieves our target as well as delivers on our promise to the market and shareholders.
“In this new year, we will continuously strengthen collaboration with industry leaders by leveraging on advantageous resources of CMNE in order to actively develop solar power plants in overseas markets, and take one step closer to our goal of building the most efficient and professional platform for operating solar power plants in the PRC,” said Goldpoly Executive Director/CEO Mr. Alan Li.
BESUNYEN pockets four awards at Healthcare Expo
Besunyen Holdings Co Ltd (HK: 926), a leading provider of therapeutic tea products in China, took home four honors at the 13th China International Healthcare Expo last month in Guangzhou, making Besunyen the biggest winner at the event.
The firm’s two top-selling products -- Besunyen Detox Tea and Besunyen Slimming Tea -- won the “13th China International Healthcare Expo Excellent Product Award.”
In addition, Beijing Outsell Health Product Development Co Ltd, a wholly-owned subsidiary of Besunyen, won the “13th China International Healthcare Expo Excellent Enterprise Award.”
Besunyen, was awarded the Mr. Zhao Yihong, the founder of “13th China International Healthcare Expo Excellent Entrepreneur Award.”
“Besunyen made outstanding achievements at the 13th China International Healthcare Expo, which is significant in displaying Besunyen’s strong brand strength and establishing our core leading position in the realm of Chinese therapeutic tea beverages.
“These honors actively help promote Besunyen’s perseverance in advocating a lifestyle of regular therapeutic tea consumption for body toning by promoting the concept of oriental tea techniques (“东方茶术”) as well as popularizing the importance of therapeutic tea for health maintenance,” said Mr. Zhao, who is also Besunyen’s Chairman and CEO.
He added that these awards represent a seal of approval on Besunyen’s efforts to provide high quality products, produce tea beverages with a social and corporate conscience as well as to generalize its ideals of promoting healthier lifestyle practices among Chinese.
The Expo is organized by the China Healthcare Association, a leading authoritative body in the country’s healthcare industry.
Besunyen Holdings Co Ltd is a leading provider of therapeutic tea products in China, engaged in the development, production, sales and marketing of therapeutic teas and other health food products. The Group’s products use exclusive formulas and are manufactured with high-quality traditional Chinese medicines and tea leaves, thus providing effectiveness, safety, affordability and convenience for those with mild, chronic or recurring health problems as well as people seeking to maintain a healthy body, soul and lifestyle. The majority of the Group’s sales turnover comes from the Group’s two best-selling products, namely Besunyen Detox Tea and Besunyen Slimming Tea. Based on a survey conducted by the China Southern Medicine Economic Research Institute in February 2013, these two products of the Group were both the leading products in the detox and slimming categories distributed through retail pharmacies in China. In terms of sales turnover, these two products accounted for a market share of 20.8% and 32.5% in the detox and slimming categories, respectively, in retail pharmacies in China in 2012. The Group’s distribution network covers over 309 distributors in 31 provinces, autonomous regions and centrally-administered municipalities in China, covering approximately 126,000 retail outlets including 118,000 retail pharmacies and 8,000 supermarkets, hypermarkets and chain stores as of 30 June 2013.