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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.