Hudson Global Finance DE II, LLC entered into a stock purchase agreement to acquire 24.3% stake in Sky Solar Holdings, Ltd. (NasdaqCM:SKYS) from IDG-Accel China Capital L.P. and IDG-Accel China Capital Investors L.P for $25.5 million on November 14, 2019. Hudson Global Finance DE II, LLC shall acquire approximately 82 million ordinary shares for $0.25 each and 1 million ADS (American Depository Shares) for $5 each. The total consideration being paid for the purchase is $25.5 million. 1 ADS represents 20 ordinary shares of Sky Solar Holdings, Ltd. IDG-Accel China Capital Investors L.P is selling 3.6 million ordinary shares and 0.04 million ADS, while IDG-Accel China Capital L.P is selling 78.3 million ordinary shares and 97.5 million ADS. In a related transaction, Hudson Global Finance DE II, LLC and Japan NK Investment K.K have entered into an agreement to sell their respective ordinary shares of Sky Solar Holdings, Ltd., owned or acquired in the future, to Fusion-Lynx Holdings. The transaction requires that Hudson Global Finance DE II, LLC shall have successfully closed on financing sufficient to fund the purchase shares. The transaction is expected to close by December 31, 2019. Ed Dartley of K&L Gates LLP acted as legal advisor for Hudson Global Finance DE II, LLC. Howard Zhang of Davis Polk & Wardwell LLP acted as legal advisor for sellers. Rothschild & Co acted as financial advisor for Hudson Global Finance DE II, LLC.