Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan

By Brand Post | December 4, 2025 |
Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan

[SINGAPORE] Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group , is acquiring a 15 per cent equity interest in Jining Xinneng Thermal Power for about 30.2 million yuan (S$5.5 million). Xinneng Thermal Power, established in September 2024, is majority-owned by Jining Energy Development Group, one of the largest state-owned enterprises in Shandong…

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