According to AsiaPhos (SGX:5WV
) , the target owns 76.59% of Helio Energy Two Corporation, a Taiwan-based solar assets owner and operator whose primary business activities are those of renewable energy development and solar asset management.
AsiaPhos plans to acquire a Taiwan-based business Global Resources SP (Taiwan) for US$3.5 million, and will be launching a fund-raising exercise to pay for this deal.
The seller is Global Resources England, which is a subsidiary of Solar Plus (HK).
