Zhonghuan takes a stake in GCL with RMB150 million
2017-07-04 17:07:31 [Print]
Zhonghuan Semiconductor Corporation announced on late 1 July that it plans to corporate with GCL New Energy Holdings Limited by tanking a stake in GCL Xinjiang, wholly-owned subsidiary of GCL, with RMB150 million.
GCL will also increase capital to GCL Xinjiang and Zhonghuan will hold 10% of stakes of GCL Xinjiang after then.
After the capital increases, GCL Xinjiang will build the production line with over 40,000t of polysilicon by two phases. The phase I will come on stream in April 2018 and the phase II in November 2018.
GCL will also increase capital to GCL Xinjiang and Zhonghuan will hold 10% of stakes of GCL Xinjiang after then.
After the capital increases, GCL Xinjiang will build the production line with over 40,000t of polysilicon by two phases. The phase I will come on stream in April 2018 and the phase II in November 2018.
Polysilicon 9N Delivered China
Unit:RMB/kg
China silicon metal producers' inventory statistics by province by month
Unit: mt
