TCL Tech's subsidiary to invest RMB2.52 billion in solar & electronic grade silicon projects

TCL Tech announced on July 6 that the company has signed a cooperation framework agreement with GCL Power and its affiliates in April 2022 to cooperate in the investment of solar and electronic grade silicon projects.Asian Metal Copyright Under the agreement, Tianjin Silica will invest RMB720 million USD107 million more in Inner Mongolia Xinhua to raise its holding to 40%, and meanwhile Jiangsu Xinhua will increase its investment by RMB980 million USD146 million, and then Inner Mongolia Xinhua's registered capital will increase to RMB1.Asian Metal Copyright TCL Tech and the other parties came to agreement on all the cooperation matters after thorough discussion, under which its wholly-owned subsidiary, Tianjin Silica Materials Technology Co.Asian Metal Copyright Under the agreement, Tianjin Silica will invest RMB720 million USD107 million more in Inner Mongolia Xinhua to raise its holding to 40%, and meanwhile Jiangsu Xinhua will increase its investment by RMB980 million USD146 million, and then Inner Mongolia Xinhua's registered capital will increase to RMB1.Asian Metal Copyright, Ltd.Asian Metal Copyright to jointly set up a new company named Inner Mongolia Xinhuan and carry out the projects of 100k-ton silicon particle production, comprehensive utilization in Si-based materials as well as RD in downstream applications.Asian Metal Copyright, intends to sign a JV agreement with Jiangsu Zhongneng Polysilicon Technology Development Co.Asian Metal Copyright5 billion USD672 million, among which Tianjin Silica would provide RMB1.Asian Metal Copyright, Ltd.Asian Metal Copyright8 billion USD269 million and hold 40% of the shares.Asian Metal Copyright to jointly set up a new company named Inner Mongolia Xinhuan and carry out the projects of 100k-ton silicon particle production, comprehensive utilization in Si-based materials as well as R&D in downstream applications.Asian Metal Copyright Inner Mongolia Xinhuan's registered capital is planned to be RMB4.Asian Metal Copyright Inner Mongolia Xinhuan's registered capital is planned to be RMB4.Asian Metal Copyright5 billion USD672 million, among which Tianjin Silica would provide RMB1.Asian Metal Copyright5 billion (USD672 million), among which Tianjin Silica would provide RMB1.Asian Metal CopyrightTCL Tech announced on July 6 that the company has signed a cooperation framework agreement with GCL Power and its affiliates in April 2022 to cooperate in the investment of solar and electronic grade silicon projects.Asian Metal Copyright8 billion (USD269 million) and hold 40% of the shares.Asian Metal Copyright8 billion USD269 million and hold 40% of the shares.Asian Metal Copyright Moreover, Tianjin Silica would ink a capital increase agreement with Jiangsu Xinhua and Inner Mongolia Xinhua to develop a 10k-ton electronic grade polysilicon project.Asian Metal Copyright, Ltd.Asian Metal Copyright Under the agreement, Tianjin Silica will invest RMB720 million (USD107 million) more in Inner Mongolia Xinhua to raise its holding to 40%, and meanwhile Jiangsu Xinhua will increase its investment by RMB980 million (USD146 million), and then Inner Mongolia Xinhua's registered capital will increase to RMB1.Asian Metal CopyrightTCL Tech announced on July 6 that the company has signed a cooperation framework agreement with GCL Power and its affiliates in April 2022 to cooperate in the investment of solar and electronic grade silicon projects.Asian Metal Copyright8 billion (USD269 million) afterwards.
.Asian Metal Copyright8 billion USD269 million afterwardsAsian Metal Copyright