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August 14, 2014
06:44 EDTCSUNChina Sunergy extends payment schedule of share transfer agreement
China Sunergy has entered into a supplemental agreement with China Electric Equipment Group Co., to extend the payment schedule under the share transfer agreement previously entered into by and between both parties for the sales of one subsidiary of the company, China Sunergy Shanghai Co., for a total consideration of approximately $37.7M. The total cash proceeds shall be paid in three installments. The company and CEEG reached the Supplemental Agreement to extend the payment schedule of the outstanding cash proceeds, with the second and third installments to be paid by August 31 and September 30, respectively.
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November 14, 2014
06:15 EDTCSUNChina Sunergy, DenizLeasing announce partnership for projects in Turkey
China Sunergy announced that the company has signed a memorandum of understanding, or MOU, with Deniz Finansal Kiralama A.S., a subsidiary of DenizBank Financial Services Group, establishing strategic partnership to finance the solar projects through financial leasing in Turkey. According to the MOU, DenizLeasing will facilitate and provide capital leasing for solar PV projects of up to 100 MW deploying China Sunergy's solar modules and other components.

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