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SHANGHAI, May 26, 2016 /PRNewswire/ -- SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (Nasdaq: SPI), a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, today announced that its Board of Directors has approved a plan to list a wholly owned subsidiary under its power plant management and service business unit, Meicheng Power Suzhou Ltd. ("Meicheng"), on the National Equities Exchange and Quotations ("NEEQ"), an over-the-counter market for small and medium enterprises in China. Meicheng owns and operates utility-scale PV projects as well as commercial distributed generation PV projects across China. The Company has appointed an advisory committee to prepare for the listing that includes Ping An Securities Company, Ltd., Jingtian & Gongcheng Law Firm and United Ericsson Certified Public Accountants.
Established by the State Council in late 2012, the NEEQ is a national over-the-counter market that supplements trading activities on the Shanghai and Shenzhen stock exchanges, including the related Growth Equity Market exchanges. The NEEQ allows for trading of stocks of growth companies that do not otherwise satisfy the requirements for listing on the Shanghai and Shenzhen stock exchanges, allowing small and medium enterprises in China access to the capital markets and greater exposure to the investment community.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI Energy focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers. The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe, North America and Australia.
Safe Harbor Statement
This release contains certain "forward-looking statements." These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required under applicable securities law.
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SOURCE SPI Energy