2015-07-03 | Hong Kong
Stockholm/Hong Kong, July 1st, 2015 – Swedish innovation company Suncool AB and Zhong Fa Zhan Holdings Ltd. (ZFZ) – a company listed on the main board of the Hong Kong stock exchange – signed definitive agreements to, subject to the approvals of both parties’ shareholders, invest in and establish a Chinese business for the manufacturing, marketing and sales of innovative solar air conditioning and heating products. E. J. McKay advised Swedish firm Suncool AB in the transaction.
“We are very delighted to have advised Suncool in this transaction. “ E. J. McKay CEO James Li said, “In Northern Europe there are developed technologies that fit suitably with the transformation of Chinese energy efficiency and environmentally friendly solutions. By partnering such technologies with Chinese businesses we can add value both to Chinese society and to shareholders, for many years to come. This successful transaction is another example of E. J. McKay’s expertise in the renewable sector. ”
About Suncool :
In October 2014, the Suncool technology, which enables the world’s first solar thermal collector with integrated cooling, was launched and successfully demonstrated in a first large-scale installation in Europe. The patented technology is based on salt crystals, which can store chemical energy and convert it to heating and cooling without using any electricity or moving parts.
Zhong Fa Zhan Holdings Ltd is a company listed on the main board of the Hong Kong stock exchange since 2007. The company strives to develop its business in the environmental protection and energy saving field. Engaging in this Solar Air Conditioning business signifies that ZFZ has taken a crucial step in progressing its green energy business development initiatives.