Photovoltanic modules, solutions and services company Trina Solar acquired a 28 percent stake in Shuntai Leasing.
Here are five quick facts about the transaction:
• The total registered capital of Shuntai is around $50 million.
• The major shareholder of Shuntai is Changzhou Hi-tech Jinlong Holdings, a subsidiary of Changzhou Hi-tech Group. Changzhou Hi-tech group raised around $5.5 billion in the past few years.
• Trina Solar also signed a cooperation agreement with Shuntai to finance the company's downstream projects.
• Trina Solar will also finance the company's solar manufacturing business by leveraging Shuntai's leasing platform.
• The share transfer is expected to close by the end of 2014.
"Our future with Shuntai will enable Trina Solar to expand its financing channels and better support our downstream business as well as our module business," said Jifan Gao, chairman and CEO of Trina Solar. "We believe our investment in Shuntai together with our financing cooperation best leverage each party's strengths and we are confident it will drive future value for both Trina Solar and Shuntai."