Trina Solar To Acquire 28% Stake In Shuntai Leasing - Quick Facts

(RTTNews) - Trina Solar Limited (TSL) announced it has entered into a share purchase agreement to acquire a 28% stake in Shuntai Leasing (Changzhou) Company Limited. Trina Solar has also signed a cooperation agreement with Shuntai to finance the company's downstream projects and solar manufacturing business by leveraging Shuntai's leasing platform.

Shuntai Leasing is one of the financing institutions under Changzhou Hi-Tech group. It specializes in the leasing of a full range of equipment and has different programs designed to fit differing customer needs. Total registered capital of Shuntai is approximately $50 million.