Sky Solar Hlds

Sky Solar Holdings Ltd. engages in the development and operation of solar parks and related business activities. It focuses on the downstream solar market and has developed projects in Asia, Europe, South America and North America. The company was founded by Wei Li Su in 2009 and is headquartered in Hong Kong.

HONG KONG, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced the completion of the merger (the “Merger”) with Square Acquisition Co. (the “Purchaser”), pursuant to an agreement and plan of merger (the “Plan of Merger”), dated and filed by the Company and the Purchaser with the Registrar of Companies of the Cayman Islands on October 8, 2020 and effective on October 9, 2020. As a result of the Merger, the Company became a wholly-owned subsidiary of Square Limited and will cease to be a publicly traded company.

Sky Solar Holdings, Ltd. Announces Completion of Merger

HONG KONG, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that on October 6, 2020, the winding up petition (the “Winding Up Petition”) in respect of the Company filed by Hudson Capital Solar Infrastructure GP, LP, in its capacity as general partner of Hudson Solar Cayman LP, was struck out by the court in the Cayman Islands. As the Company previously announced, on September 8, 2020 Square Acquisition Co.’s tender offer (the “Offer”) to purchase all of the issued and outstanding ordinary shares, par value US$0.0001 each, of Sky Solar (the “Ordinary Shares”) including all Ordinary Shares represented by American depositary shares (the “ADSs,” each representing twenty Ordinary Shares) expired. Through the Offer, Square Acquisition Co. accepted for payment all Ordinary Shares (including Ordinary Shares represented by ADSs) validly tendered (and not validly withdrawn) pursuant to the Offer, and Ordinary Share and ADS holders whose Ordinary Shares and ADSs were accepted in the Offer were paid $0.30 per Ordinary Share or $6.00 per ADS, less certain taxes and fees. The offeror group for the Offer (the “Offeror Group”) includes Japan NK Investment K.K., IDG-Accel China Capital L.P., IDG-Accel China Capital Investors L.P., Jolmo Solar Capital Ltd., CES Holding Ltd., Jing Kang, Bin Shi, Sino-Century HX Investments Limited, Kai Ding, TCL Transportation Holdings Limited, Esteem Venture Investment Limited, Mamaya Investments Ltd, Xanadu Investment (H.K.) Limited, Abdullateef A. AL-Tammar, Development Holding Company Ltd., Bjoern Ludvig Ulfsson Nilsson, Square Acquisition Co. and Square Limited.

Sky Solar Holdings, Ltd. Announces Striking Out of Winding-up Petition

HONG KONG, Sept.  28, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today issued a statement on recent unusual trading activity in the Company’s American depositary shares (the “ADSs,” each representing twenty of the Company’s ordinary shares, par value US$0.0001 each, the “Ordinary Shares”). As previously announced by the Company, the tender offer of Square Acquisition Co. to purchase all of the issued and outstanding Ordinary Shares, including all Ordinary Shares represented by ADSs, expired at 12:00 midnight, New York City time, at the end of the day on September 8, 2020. As of immediately prior to the expiration of the tender offer, the number of Ordinary Shares (including Ordinary Shares represented by ADSs) that had been validly tendered (and not validly withdrawn) satisfied the tender offer’s minimum condition and all other conditions to the tender offer were satisfied or waived. Promptly after the expiration date of the tender offer, Square Acquisition Co. accepted for payment all Ordinary Shares (including Ordinary Shares represented by ADSs) validly tendered (and not validly withdrawn) pursuant to the tender offer, and Ordinary Share and ADS holders whose Ordinary Shares and ADSs were accepted in the tender offer were paid $0.30 per Ordinary Share or $6.00 per ADS, less certain taxes and fees. Furthermore, the offeror group (the “Offeror Group”) for the tender offer, which includes Japan NK Investment K.K., IDG-Accel China Capital L.P., IDG-Accel China Capital Investors L.P., Jolmo Solar Capital Ltd., CES Holding Ltd., Jing Kang, Bin Shi, Sino-Century HX Investments Limited, Kai Ding, TCL Transportation Holdings Limited, Esteem Venture Investment Limited, Mamaya Investments Ltd, Xanadu Investment (H.K.) Limited, Abdullateef A. AL-Tammar, Development Holding Company Ltd., Bjoern Ludvig Ulfsson Nilsson, Square Acquisition Co. and Square Limited, stated that following the completion of the tender offer it intends to effect a merger with the Company and that at the effective time of the merger, each outstanding Ordinary Share (other than those held by Offeror Group) will be converted into the right to receive US$0.30 in cash per Ordinary Share, without interest and less any required withholding taxes, and each ADS issued and outstanding immediately prior to the effective time, together with the underlying Ordinary Shares represented by such ADS, shall be cancelled in exchange for the right to receive US$6.00 in cash per ADS without interest and less any ADS cancellation fees and other related fees and withholding taxes.

Sky Solar Holdings, Ltd. Issues Statement on Unusual Trading Activity

Los Angeles, California--(Newsfile Corp. - September 10, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sky Solar Holdings, Ltd.

TUESDAY DEADLINE REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sky Solar Holdings, Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

HONG KONG, Sept.  10, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that the Square Acquisition Co.’s tender offer (the “Offer”) to purchase all of the issued and outstanding ordinary shares, par value US$0.0001 each, of Sky Solar (“Ordinary Shares”) including all Ordinary Shares represented by American depositary shares (the “ADSs,” each representing twenty Ordinary Shares), expired at 12:00 midnight, New York City time, at the end of the day on September 8, 2020 (the “Expiration Date”).

Sky Solar Holdings, Ltd. Announces Square Acquisition Co.

Los Angeles, California--(Newsfile Corp. - September 9, 2020) -  The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sky Solar Holdings, Ltd.

TUESDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sky Solar Holdings, Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

HONG KONG, Aug.  31, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that it was informed on August 28, 2020 that a winding up petition (the “Petition”) had been purportedly filed with the Grand Court of the Cayman Islands against the Company by Hudson Capital Solar Infrastructure GP, LP, in its capacity as general partner of Hudson Solar Cayman LP (“Hudson”).

Sky Solar Holdings, Ltd. Announces Latest Development in Cayman Islands Proceedings

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HONG KONG, Aug.  14, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that, on the application of the Company, on August 13, 2020 the Grand Court of the Cayman Islands (the “Cayman Islands Court”) discharged in its entirety and with immediate effect its July 30, 2020 order (the “Order”) that had been granted to Hudson Solar Cayman, LP.

Sky Solar Holdings, Ltd. Announces Cayman Court Decision and Filing Complaint against Hudson in New York Court

NEW YORK--(BUSINESS WIRE)--Labaton Sucharow LLP (“Labaton Sucharow”) announces that on July 17, 2020, it filed a securities class action lawsuit, captioned Quadre Investments L.P. v. Sky Solar Holdings, Ltd.

Labaton Sucharow LLP Files Securities Class Action Lawsuit Against Sky Solar Holdings, Ltd. and Its Potential Acquirers

NEW YORK--(BUSINESS WIRE)--Hudson Sustainable Investments, LLC (“Hudson”), an asset management firm in the sustainable investment sector, announced today that Hudson Solar Cayman LP, a fund managed by affiliates of Hudson obtained an injunction against Sky Solar Holdings, LTD (NASDAQ: SKYS). The Cayman Court Order can be viewed here.

Cayman Court Grants Hudson Interlocutory Injunction Against Sky Solar

HONG KONG, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) ("Sky Solar" or the "Company"), a global developer, owner and operator of solar parks, today announced that on July 30, 2020 the Grand Court of the Cayman Islands (the “Cayman Islands Court”), following an ex parte proceeding in which the Company was not permitted to appear, issued an order on behalf of Hudson Solar Cayman LP (“Hudson”). 

Sky Solar Holdings, Ltd. Announces Recent Developments Regarding the Hudson Dispute in the Cayman Islands Court

HONG KONG, July  20, 2020  (GLOBE NEWSWIRE) -- The special committee (the “Special Committee”) of the board of directors of Sky Solar Holdings, Ltd. (NASDAQ: SKYS) ("Sky Solar" or the "Company"), in a Solicitation/Recommendation Statement on Schedule 14D-9 (the “Schedule 14D-9”) filed today with the Securities and Exchange Commission (the “SEC”), announced that for the reasons set forth in the Schedule 14D-9, it is unable at the present time to take a position with respect to the offer (the “Offer”) commenced on July 6, 2020 by Square Acquisition Co. (the “Purchaser”), to purchase all of the issued and outstanding ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), including all Ordinary Shares represented by American depositary shares (the “ADSs,” each representing twenty Ordinary Shares), of the Company and not owned by Purchaser, Square Limited, Japan NK Investment K.K., IDG-Accel China Capital L.P., IDG-Accel China Capital Investors L.P., Jolmo Solar Capital Ltd., CES Holding Ltd., Jing Kang, Bin Shi, Sino-Century HX Investments Limited, Kai Ding, TCL Transportation Holdings Limited, Esteem Venture Investment Limited, Mamaya Investments Ltd, Xanadu Investment Ltd. (H.K.), Abdullateef A. AL-Tammar, Development Holding Company Ltd., and Bjoern Ludvig Ulfsson Nilsson (as well as 600,000 ADSs owned by Kai Ding and 146,499 ADSs owned by Transportation Holdings Limited).

Sky Solar Announces Filing of Solicitation/Recommendation Statement on Schedule 14D-9

HONG KONG, July  16, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) ("Sky Solar" or the "Company"), a global developer, owner and operator of solar parks, today announced that it has filed opposition paper in the Supreme Court of the State of New York (the “Court”) against Hudson Solar Cayman, LP (“Hudson”) with respect to the Amended and Restated Note Purchase Agreement dated July 15, 2016 (the “Note Purchase Agreement”). On May 26, 2020, Hudson filed an action (the “May 2020 Action”) in the Court seeking summary judgment in lieu of a complaint related to the Note Purchase Agreement against the Company and certain of its subsidiaries. 

Sky Solar Holdings, Ltd. Announces Recent Developments Regarding the Hudson Dispute

HONG KONG, July  09, 2020  (GLOBE NEWSWIRE) -- The special committee (the “Special Committee”) of the board of directors of Sky Solar Holdings, Ltd. (NASDAQ: SKYS) ("Sky Solar" or the "Company") today recommended that the Company’s shareholders stop, look and listen at this time in response to the announcement by Square Acquisition Co. (the “Purchaser”), Square Limited, Japan NK Investment K.K., IDG-Accel China Capital L.P., IDG-Accel China Capital Investors L.P., Jolmo Solar Capital Ltd., CES Holding Ltd., Jing Kang, Bin Shi, Sino-Century HX Investments Limited, Kai Ding, TCL Transportation Holdings Limited, Esteem Venture Investment Limited, Mamaya Investments Ltd, Xanadu Investment Ltd. (H.K.), Abdullateef A. AL-Tammar, Development Holding Company Ltd., and Bjoern Ludvig Ulfsson Nilsson (collectively, the “Offeror Group”) that the Purchaser has made an unsolicited conditional tender offer (the “Offer”) on July 6, 2020 to acquire all of the issued and outstanding ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), including all Ordinary Shares represented by American depositary shares (the “ADSs,” each representing twenty Ordinary Shares), of the Company and not owned by the Offeror Group (as well as 600,000 ADSs owned by Kai Ding and 146,499 ADSs owned by TCL, which shall be tendered in the Offer).

Sky Solar Advises Shareholders to Stop, Look and Listen in Response to Offeror Group’s Offer

NEW YORK--(BUSINESS WIRE)--Insert in the first paragraph, at the end of the second sentence of release: (NASDAQ: SKYS). The corrected release reads: HUDSON SUSTAINABLE INVESTMENTS BEGINS FORECLOSURE PROCEEDINGS ON 22-MW SOLAR ASSET PORTFOLIO OFFERED AS COLLATERAL FOR LOAN TO SKY CAPITAL AMERICA Hudson Sustainable Investments, LLC, an asset management firm in the sustainable investment sector, announced today that an affiliate has begun foreclosure proceedings on Lumens Holdings 1, LLC, the coll

INSERTING and REPLACING Hudson Sustainable Investments Begins Foreclosure Proceedings on 22-MW Solar Asset Portfolio Offered as Collateral for Loan to Sky Capital America

HONG KONG, May  26, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) ("Sky Solar" or the "Company"), a global developer, owner and operator of solar parks, today announced that its Board of Directors (the “Board”) has received a preliminary non-binding proposal letter dated May 25, 2020 (the “Proposal Letter”) from Japan NK Investment K.K., IDG Accel China Capital L.P., IDG-Accel China Capital Investors L.P., Jolmo Solar Capital Ltd., CES Holding Ltd., Jing Kang, Bin Shi, Sino-Century HX Investments Limited and Kai Ding (collectively, the “Buyer Group”) to acquire all outstanding ordinary shares (the “Shares”) of the Company not beneficially owned by the Buyer Group, including Shares represented by American Depositary Shares of the Company (the “ADSs”, each representing twenty Shares), in a going-private transaction (the “Proposed Transaction”) for US$0.30 in cash per Share, or US$6.00 in cash per ADS. A copy of the proposal letter is attached hereto as Exhibit A. The Board previously formed a committee of three independent directors (the “Special Committee”), consisting of Mr. Qiang Zhan, Mr. Naiwei Chen and Mr. Xuelong Pei, to, among other mandates given to the Special Committee, evaluate strategic alternatives available to the Company. Houlihan Lokey (China) Limited and Kirkland & Ellis have been retained by the Special Committee as its financial advisor and legal counsel respectively. Consistent with the powers granted by the Board, the Special Committee will evaluate the Proposed Transaction and any other strategic alternatives available to the Company.

Sky Solar Holdings, Ltd. Announces Receipt of Preliminary Non-Binding Proposal

HONG KONG, May  19, 2020  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ:SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on May 19, 2020.

Sky Solar Files 2019 Annual Report on Form-20F

HONG KONG, Dec.  31, 2019  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced the results of its annual general meeting of shareholders held in Shanghai on December 31, 2019.

Sky Solar Holdings, Ltd. Announces Annual General Meeting Results

HONG KONG, Dec.  03, 2019  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that on November 22, 2019, the Supreme Court of the State of New York (the “Court”) ordered that Hudson’s motion for summary judgment is denied as moot in light of the stipulation of discontinuance without prejudice which was filed by Hudson and Sky Solar on November 14, 2019.

Sky Solar Announces Hudson’s Motion for Summary Judgement Denied by the Supreme Court of the State of New York

HONG KONG, Nov.  07, 2019  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, announced today that on November 5, 2019, it entered into a settlement agreement (the “Settlement Agreement”) with Hudson Solar Cayman, LP and its affiliates (collectively, “Hudson”), in connection with the lawsuit filed by Hudson against the Company earlier this year.

Sky Solar Announces Settlement with Hudson

HONG KONG, Oct.  30, 2019  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced the closing of the transaction of purchasing 152,107,954 ordinary shares (including ordinary shares represented by ADSs) of the Company, at US$0.25 per ordinary share, or US$2.00 per ADS, by Japan NK Investment K.K., from Flash Bright Power Ltd (“Flash Bright”), Rihuaxing Limited, Sunpeak Universal Holdings, Inc. and Bright Reality Investment Limited, pursuant to an amended and restated stock purchase agreement dated October 21, 2019. Flash Bright is wholly owned by Mr. Weili Su (“Mr. Su”), who left the company in June 2017 and was the controlling shareholder of the Company. Upon the completion of the transaction, Japan NK Investment K.K. holds 152,107,954 ordinary shares (including ordinary shares represented by ADSs) of the Company, representing 36.3% of the total shareholding, and Flash Bright and Mr. Su are no longer the controlling shareholders of the Company.

Sky Solar Holdings, Ltd. Announces Closing of Share Purchase by Japan NK Investment K.K.

HONG KONG, Sept.  23, 2019  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, announced today that on September 19, 2019, it received a letter from Nasdaq setting forth a determination to delist the Company’s ADSs from The Nasdaq Capital Market (the “Determination”) as a result of the Company’s inability to regain compliance with the minimum bid price continued listing requirement under Nasdaq Listing Rule 5550(a)(2) within the time previously allotted by the Nasdaq staff (the “Staff”). The Determination stated that the Company’s ADSs will be delisted from the Nasdaq Capital Market and that trading of the Company’s ADSs will be suspended at the opening of business on September 30, 2019, unless the Company requests an appeal of the Determination.

Sky Solar Receives Determination from Nasdaq

HONG KONG, Sept.  10, 2019  (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that it moved its principal executive office to a new location in Hong Kong, effective September 6, 2019.

News for Sky Solar Hlds Stock (SKYS)