The New Xiaofeng Peng Holding in Spi Energy Co
Xiaofeng Peng filed with the SEC SC 13D/A form for Spi Energy Co. The form can be accessed here: 000110465916148006. As reported in Xiaofeng Peng’s form, the filler as of late owns 32.8% or 264,070,000 shares of the -company.
Spi Energy Co stake is a new one for the and it was filed because of activity on September 27, 2016. We feel this shows Xiaofeng Peng’s positive view for the stock.
Reasons Why Xiaofeng Peng Bought – Spi Energy Co Stock
Purpose of Transaction
Item4 of the Original Schedule 13D is hereby amended and supplemented as follows:
LDK agreed to purchase the Shares pursuant to the September2016 SPA as disclosed in this statement to pursue strategic partnership with the Issuer. Although the Reporting Persons have no present intention to purchase additional securities of the Issuer in addition to the securities described in Item 5 other than pursuant to the 2016 Option Agreement (as disclosed under Item 6 hereof), the Reporting Persons intend to review their equity interest in the Issuer on a regular basis and, as a result thereof, may at any time or from time to time determine, either alone or as part of a group, (a)to acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (b)to dispose of all or a portion of the securities of the Issuer owned by them in the open market, in privately negotiated transactions or otherwise, or (c)to take any other available course of action, which could involve one or more of the types of transactions or have one or more of the results described in this Item 4. Any such acquisition or disposition or other transaction would be made in compliance with all applicable
laws and regulations. Notwithstanding anything contained herein, the Reporting Persons specifically reserve the right to change their intention with respect to any or all of such matters.
Solar Power, Inc. is a United States-based company, which offers photovoltaic (PV) solutions for business, residential, government and utility customers and investors. The Company provides a range of engineering, procurement and construction (EPC) services to third-party project developers. It is also engaged in the development, manufacture and marketing of various PV modules. It also provides a range of long-term operations and maintenance (O&M) services over the anticipated life of a solar project for third-party developers, including performance monitoring, system reporting, preventative maintenance and warranty support. It procures PV modules and other equipment for project construction from independent suppliers and contracts work to third-party EPC contractors in areas, such as logistics, installation, construction and supervision. It operates an online energy e-commerce and investment platform, www.solarbao.com.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
It is down 6.00% since September 3, 2016 and is uptrending. It has underperformed by 6.22% the S&P500.
Solar Power, Inc. is a United States company, which offers photovoltaic solutions for business, residential, government and utility clients and investors. The company has a market cap of $1.02 billion. The Firm provides a range of engineering, procurement and construction (EPC) services to third-party project developers. It currently has negative earnings. It is also engaged in the development, manufacture and marketing of various PV modules.
More notable recent Solar Power Inc (OTCMKTS:SOPW) news were published by: Prnewswire.com which released: “SPI and SPI Energy Complete Reorganization Merger” on January 04, 2016, also Prnewswire.com with their article: “Commercial Solar Power, Inc. Confirms Its Role in Uncovering Alleged Payoffs …” published on April 07, 2016, Azcentral.com published: “Apple’s secret solar plant in Arizona could power 12500 homes” on September 20, 2016. More interesting news about Solar Power Inc (OTCMKTS:SOPW) were released by: Prweb.com and their article: “Rethinking The Value Of Municipal Bond Credit Ratings: Commercial Solar Power …” published on September 21, 2016 as well as Prnewswire.com‘s news article titled: “Canadian Solar Wins ARENA Funding for 47MWp Solar Power Projects in Australia” with publication date: September 28, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.