The sale will bring in a total of 93m yuan($15.2m) to the stricken Chinese PV giant, raising cash as part of its restructuringefforts.

Shunfeng,based in eastern China’s Jiangsu province, will buythe modules in stages for 89m yuan, it said in a filing to the Hong Kong StockExchange.

It will pay $0.49 per watt forthe panels, down from the average price this week of $0.72,