TCL Zhonghuan Renewable Energy Technology (SHE:002129) plans to invest in acquiring or injecting capital into Yidao New Energy Technology, according to a Shenzhen bourse filing on Saturday.
The Chinese photovoltaic supplies maker's shares rose over 1% during Monday's afternoon trade.
Yidao New Energy manufactures solar cells and photovoltaic modules.
The plan is still in the planning stage, but a letter of intent was signed for the potential transaction.
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