Brief: Xinyi Solar Announces Formation Of Xinyi Silicon For Polysilicon Production Project

Xinyi Glass Holdings

16/12/2021 14:46

Dec 16 (Reuters) - Xinyi Solar Holdings Ltd  0968.HK :
    * FORMATION OF XINYI SILICON FOR POLYSILICON PRODUCTION
PROJECT
    * XINYI SILICON IS OWNED AS TO 52.0% BY XINYI SOLAR (HONG
KONG)
    * JV AGREEMENT HAS BEEN ENTERED INTO, WHEREBY XINYI SOLAR
AND
XINYI GLASS, THROUGH UNITS WILL ESTABLISH XINYI SILICON
    * XINYI SOLAR (HONG KONG) AND XINYI GLASS (HONG KONG) AGREED
TO
PROVIDE AN AGGREGATE MAXIMUM FUNDING COMMITMENT OF RMB3.3
BILLION
    * XINYI SILICON (HONG KONG) WOULD CONSTRUCT POLYSILICON
PRODUCTION
FACILITIES IN QILIN DISTRICT
    * POLYSILICON PRODUCTION FACILITIES TO HAVE ESTIMATED ANNUAL
PRODUCTION CAPACITY OF 60,000 TONNES

Source text for Eikon:  ID:nHKS5bZp4w 
Further company coverage:  0968.HK 

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