GCL-Poly, Same Time in HK halt

Share trading in the two companies halted in Hong Kong

Share trading in the two companies halted in Hong Kong

Shares of both GCL-Poly and Same Time Holdings were halted from trading on the Hong Kong stock exchange this morning at the request of the companies, amid speculation they may be close to a deal.

Last October GCL-Poly, the world’s largest maker of polysilicon and wafers for PV, said it was contemplating spending HK$1.8bn ($230m) on a 29% stake in Same Time, which would then overhaul its core printed-circuit-board business and become a PV developer.

At the time, loss-making GCL-Poly explained that the arrangement would give it a separate “platform” for investing in solar projects.

In addition to the 65,000 metric tonnes of polysilicon and 8GW of wafer capacity it operates in China, GCL-Poly has made plain its ambitions to become a developer of large PV projects, both at home and abroad.

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