Hongqiao Holdings to Buy Two Solar Units for RMB 2.05B

This is a self-side transaction that reads as an internal restructuring of Hongqiao's solar assets under the listed group rather than an open-market purchase, which matters because it moves operating PV capacity onto the balance sheet at a stated cash price. The significance lies in the scale of the transferred portfolio and the fact that the capacity is already grid-connected, meaning revenue-generating rather than development-stage. The open question is how the group funds the cash consideration and whether the acquired projects carry existing debt or offtake arrangements, details not disclosed here.