M&As this week: Premier Holding Corporation and X-Fire Smart Systems
Premier Holding Corporation has announced that it has completed the acquisition of American Illuminating Company.
American Illuminating Company supplies deregulated energy. It was held by WWCD prior to the acquisition and will now begin supplying power to Premier Holding Corporation's customers.
X-Fire Smart Systems has been acquired by AV1 Group, an investment and holding company also based in the US.
X-Fire Smart Systems provides smart grid and picocell technologies and manufactures LED lighting and utility meters.
The transaction was completed through purchase of equity.
Hunan ChenDian International Development has announced its intention to acquire a stake in hydropower generation company Sichuan Shengda Hydropower Development.
The stake is currently held by Sichuan Shengda Group and valued at CNY144m ($20.91m). The acquisition will involve 91,738,962 shares of Sichuan Shengda Hydropower Development.
All the companies involved in the transaction are based in China.