Emeren Group Ltd announced the completion of a merger as per the Merger Agreement.
The merger resulted in Emeren becoming a wholly owned subsidiary of Parent.
Shareholders received cash consideration for their shares as per the terms of the Merger Agreement.
Merger Completion
The merger between Emeren Group Ltd and Shurya Vitra Ltd was successfully completed.
Shareholder Approval
Shareholders approved the Merger Agreement at an extraordinary general meeting.
Merger Consideration
Shareholders received US$0.20 per Share and US$2.00 per ADS in cash for their holdings.
- The completion of the merger will impact Emeren's corporate structure and ownership.
- Shareholders will no longer hold direct ownership of Emeren's assets.
The merger marks a significant milestone for Emeren Group Ltd, altering its corporate structure and ownership.