LONDON (Alliance News) - All Asia Asset Capital Ltd Monday said it had entered into a conditional subscription agreement with Terrigena One German Solar Ltd, a solar and green technology-focused investment house.
Under the deal, All Asia Asset Capital will buy 5% of the issued equity of Terrigena, with the consideration of the deal to be backed by the issue of new shares in All Asia Asset Capital.
Terrigena, a wholly-owned subsidiary of Luxembourg-domiciled Terrigena European Securities SarL, recently completed a deal with Centrosolar Sonnenstromfabrik GmbH to buy a 210 megawatt peak factory in Wismar, Germany.
All Asia Asset Capital shares were untraded on Monday at 19.5 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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