March 28 (Reuters) - Renewable energy company Emeren ( SOL )
said on Friday it has formed a special committee to
evaluate a buyout proposal it received earlier this month.
The company did not disclose the name of its potential
acquirer or the price, if any. It had a market capitalisation of
$83.14 million as of Thursday's close.
Emeren ( SOL ) also said CEO Yumin Liu would step down effective
April 30 and that Julia Xu would be interim CEO until a
successor was named.
The solar project developer added that it expects an
adjusted operating loss of about $4 million for the first
quarter and that it expects to report full results in mid-May.