About Advanced SolTech Sweden AB (ASAB)
ASAB is owned 51% by SolTech Energy Sweden AB (publ) and 49% of Advanced Solar Power Hangzhou Inc.
ASAB’s operations consist of financing the construction of solar power plants in China, which are installed, owned and maintained by the SolTech Group’s jointly-owned Chinese company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE). ASAB’s revenues will consist of interest income on loans granted to companies within the SolTech Group. As collateral for lending, ASAB will receive shares in Group companies and underlying assets, i.e. ultimately in the solar power plants owned by ASRE in China.