GCL Technologyâ (HKG:3800) unit GCL Technology (Suzhou) entered into a joint cooperation agreement with Mubadalaâs unit MDC POWER HOLDING to explore possible collaboration areas for the parties to develop UAEâs first poly-silicon manufacturing facility, a Monday filing said.
The company plans to establish the current worldâs largest poly-silicon industry production base outside China in Middle East.
Mubadala is a UAE investor firm and has multiple diverse assets in the UAE and abroad.
The company's shares were down 2% in recent trade.
Price (HKD): $1.42, Change: $-0.04, Percent Change: -2.74%
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