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
