Hong Kong-listed Kong Sun Holdings shifted its focus from property investment to solar in 2014, after raising about HK$2.3bn ($296.2m) in a share placement.

Since then, it has aggressively acquired and developed PV projects throughout China.

In January this year, it announced plans to buy a 100MW array in Yulin, Shaanxi province. And in February, it agreed to buy 90.8MW at multiple sites throughout northern, eastern and southeast China for 817.3m