GCL-Poly to acquire 68% stake in Same Time Holdings

China-based polysilicon and wafer producer GCL-Poly Energy Holdings Ltd. aims to acquire a 68% stake in investment firm Same Time Holdings Ltd., according to Bloomberg, which cites a filing with the Hong Kong Stock Exchange. The purchase price for the transaction has been set at 1.44 billion HKD ($186 million). Same Time will now focus on the development of renewable energy and solar projects, according to the filing.
On Feb. 13, at the company’s request, trading of shares of China-based polysilicon and wafer producer GCL-Poly Energy Holdings Ltd. on Hong Kong Stock Exchange were halted »pending the release of an announcement in respect of inside information of the Company«.
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