Three of Anhui Truchum Advanced Materials and Technology's (SHE:002171) subsidiaries will lease their rooftops and spaces to the company's controlling shareholder, Anhui Chujian Investment Group, to be used as a site for solar power stations, according to a Shenzhen Stock Exchange on Tuesday.
The first subsidiary, Anhui Chujian High-Precision Copper Strip, will lease about 29,000 square meters of rooftop and associated space for the construction of a 2.5-megawatt rooftop distributed photovoltaic power station.
Anhui Chujian High-Tech Electric Materials will lease about 39,000 square meters of rooftop and space for a 4.27 MW rooftop distributed photovoltaic power station, while Anhui Xinhai High-Conductive New Materials will lease about 57,000 square meters for a 5.85 MW rooftop distributed photovoltaic power station.
All of the leases have a term of 25 years, the Chinese manufacturer of copper's operations said.
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