Golden Solar New Energy Technology Arm Enters Joint Venture for Solar Cell Production

MT Newswires Live09-19

Golden Solar New Energy Technology (HKG:1121) subsidiary Golden Solar (Quanzhou) New Energy Technology signed an agreement to form a joint venture with JP-Solar Power (Fujian) and LONGi Solar Technology (Xi'an), a Thursday bourse filing said.

The JV firm, which will have a registered capital of 659 million yuan, will be owned 52.51% by JP-Solar Power (Fujian), 27.31% by Golden Solar (Quanzhou) New Energy Technology, and 20.18% by LONGi Solar Technology (Xi'an).

JV company Jinlong (Xi'an) New Energy Technology will operate for 10 years and is intended to be engaged in the production and sale of solar cells.

Price (HKD): $2.15, Change: $-0.010, Percent Change: -0.46%

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