- Business
- Kong Sun Holdings Limited (0295.HK) is a Hong Kong-listed investment holding company primarily engaged in the development, investment, operation, and maintenance of solar power plants in the People's Republic of China. The company generates and sells electricity through its portfolio of solar power plants located in provinces including Shaanxi, Inner Mongolia, Shanxi, Anhui, Zhejiang, and Hubei, with a total installed capacity of approximately 290 to 360 megawatts across 11 to 17 facilities; it also trades liquefied natural gas and solar energy-related products, provides financial services such as microfinancing, interest income generation, asset management, private equity fund management, financial leasing, commercial factoring, and banking-related activities, and offers electricity maintenance services, smart medical and health management, as well as property leasing. In addition, its subsidiaries engage in the manufacture and sale of life-like plants and securities trading. Geographically, operations focus on mainland China, with headquarters in Beijing and listing on the Hong Kong Stock Exchange; founded in 1955, it is a subsidiary of Pohua JT Private Equity Fund L.P. Recent developments include a discloseable transaction announced on August 15, 2024, whereby a wholly-owned subsidiary agreed to acquire a 30% equity interest in a target company specializing in research, development, production, and commercialization of artificial intelligence medical robots, involving a RMB36 million subscription and RMB14 million acquisition for a total investment reflecting the target's RMB187 million valuation as of April 30, 2024; completion conditions include capital contributions by November 2024 and full ownership of a Singapore entity by February 2025. The company released its interim report for the six months ended June 30, 2025, noting net carrying amounts in associates and joint ventures, alongside plans for an extraordinary general meeting on December 12, 2025, to approve a new share option scheme.