Monday, A-Power Energy Generation Systems Ltd. (APWR) said it has received the Approval Certificate of Foreign Investment from the National Development & Reform Commission or NDRC and Ministry of Commerce in China to complete the acquisition of EVATECH Co., Ltd. Kyoto, Japan.
EVATECH is currently undergoing a rehabilitation process in the courts of Japan related to its corporate and debt restructuring. A-Power is to fund 100% of the transaction, 45% of which is expected to be reimbursed from foreign-investment grants from various levels of the local government in China. The transaction was expected to be funded by the company and close prior to December 31, 2009; however, the company applied to the courts in Japan for an extension of the funding date to January 25, 2010, which was granted.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.