According to the announcement, the board of directors of the company decided that Nisshin Photovoltaic Co., Ltd. will set up a wholly-owned subsidiary in Qinghai Province with its own monetary capital of 200 million yuan. The name is tentatively set as “Qinghai Rixin Energy Co., Ltd.†(the final name approved by the authority is Quasi), mainly engaged in the sales of photovoltaic grid-connected power stations and related power generation modules, photovoltaic power system engineering design, construction, technical consulting, maintenance services, etc. Sanan Optoelectronics said that the above matters will help expand the company's market share, expand sales channels and enhance the company's profits.
It is reported that on June 25, after Sanan Optoelectronics acquired a 40% stake in Suncore PV held by EMCORE Corporation, Rixin PV became its wholly-owned subsidiary.
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