GCL Technology Forms $287 Million Entity to Buy Stake in Chinese Rival

GCL Technology forms $287 million entity to buy stake in Chinese rival

GCL Technology Holdings has set up a CNY 2.06 billion ($287 million) partnership to acquire a 42.5% stake in Inner Mongolia Xinyuan Silicon Material Technology, in a move that may point to emerging consolidation in China’s polysilicon sector.Chinese polysilicon manufacturer GCL Technology Holdings Ltd. will set up a CNY 2.06 billion limited partnership to acquire a 42.5% stake in Inner Mongolia Xinyuan Silicon Material Technology Co., Ltd., keep…

GCL Makes Move to Acquire Assets Exceeding ¥2 Billion, Expanding Polysilicon Granule Production - EnergyTrend

GCL Makes Move to Acquire Assets Exceeding ¥2 Billion, Expanding Polysilicon Granule ProductionOnDecember8,GCLTechnologyannouncedthatitplanstoacquirea42.469%equitystakeinInnerMongoliaXinyuanSiliconMaterialTechnologyCo.,Ltd.fromHonyuanGreenEnergy...