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Tatung Forever plans sale of Sheng Yang Energy stake
By Lisa Wang / Staff reporter
Tatung Forever Energy Co (大同永旭能源) plans to sell a 90 percent stake in its special-purpose vehicle, Sheng Yang Energy Co (勝陽能源), to Thailand-based Global Renewable Power 1 Co (GRP1) for NT$1.5 billion (US$52.55 million).
The two firms inked an agreement during a virtual conference on Friday last week, Tatung Forever said on Monday.
Based on the agreement, the solar energy subsidiary of Tatung Co (大同) secured a service contract to help manage Sheng Yang for 20 years, Tatung Forever said in a statement.
GRP1 is 100 percent owned by Global Power Synergy Public Co (GPSC), which is part of the PTT Group.