Xinyi Energy Holdings (HKG:3868) and parent Xinyi Solar Holdings (HKG:0968) renewed their solar farm operation and management agreement for another three years through Dec. 31, 2027, according to a Tuesday filing with the Hong Kong Stock Exchange.
Under the agreement, Xinyi Energy will continue to offer operation, management, and maintenance services to certain solar farm projects of its parent in exchange for a service fee capped at 15 million yuan per year.
The agreement will be in effect as long as Xinyi Solar remains a controlling shareholder of Xinyi Energy.
The deal allows Xinyi Energy to be separately listed in the Hong Kong bourse.
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