The
acquisition,
announced
late
last
week,
will
see
Hong
Kong-listed
Goldpoly
pay
HK$2.12bn
($273m)
to
buy
the
92.2%
of
CMNE
it
did
not
already
own.
Ease
Soar,
a
subsidiary
of
GCL-Poly
–
among
the
world’s
largest
polysilicon
producers
–
will
offload
its
17.4%
stake
in
CMNE,
in
return
for
which
GCL-Poly
will
be
left
with
a
13%
stake
in
Goldpoly.
Based
in
Fujian
province,
Goldpoly
buys
wafers
and
converts
them
into
its
own-brand
cells,
and
produces
cells
for
other
PV
manufacturers
under
OEM
agreements.
Goldpoly
says
that
as
business
conditions
have
deteriorated
for…
