China Sunergy (CSUN) Renegotiating Acquisition of Module Manufacturers

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09:41:52 am on July 2, 2010

In March, that China Sunergy was acquiring 2 module manufacturers, CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nan Jing) New Energy Co. Now, the company has announced that it is renegotiating that acquisition in light of concerns about their recent performance.

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In a press release, Mr. Lu Tingxiu, Chairman of China Sunergy, commented on the news:

“The renegotiation reflects China Sunergy’s dedication and responsibility to our shareholders. As always our goal is to maximize shareholder value.”

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