[ET Net News Agency, 5 February 2021] Power Assets Holdings Limited (00006) said its
material joint venture CPHI and the SPV have entered into the share and debt purchase
agreement with the vendor for the acquisition of all the issued and outstanding securities
of PSS Holdings.
Also, CPHI, CKI, the company and the SPV have entered into the funding and acquisition
support agreement. CKI, the company and the SPV have agreed to provide funding and/or
acquisition support to CPHI in relation to the acquisition, and CPHI and the SPV have
agreed to undertake certain steps following closing to result in the CPHI Group owning
100% of the equity interest in PSS LP.
PSS Holdings owns 100% of the partnership interest in PSS LP which through its
subsidiaries wholly owns and operates the Okanagan Wind projects, comprising the Pennask
Wind Farm and the Shinish Creek Wind Farm, in British Columbia with a combined installed
capacity of 30 megawatts. (RC)