GCL-Poly,the world’s largest maker of polysilicon and wafers for the PV industry, willpay HK$1.44bn ($186m) for a 68% stake in Same Time, whose core business at themoment is making printed circuit boards.

Thatcompares to the original deal the two companies were contemplating, whichinvolved GCL-Poly paying HK$1.8bn for a 29% stake in Same Time.

GCL-Polyhas explained the deal by stating that it wants a separate, publicly-listed“platform” to use to buy and operate primarily PV plants, adding that it willleave its businesses “more focused and organised”

GCL-Polyhas an immense pipeline of PV projects in China, and is increasingly pushingabroad.

GCL-Poly’soffer,