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Solar wafer firm to streamline market strategies

Posted: 23 Jul 2008 ?? ?Print Version ?Bookmark and Share

Keywords:solar wafer? supply chain? green energy?

Taiwan-based solar wafer company Green Energy Technology (GET) announced proposals on China investment, convertible bonds (CB) issuance and capital raise approved by its board.

"We will use both the advantages of China low-cost investment and Taiwan high-technology to further strengthen our solar supply chain," said Hur-Lon Lin, president, Green Energy. "The investment is scheduled to start from 2H 08 after the authority's approval," he added.

In preparation for the global expansion and strengthening financial structure at the same time, GET is planning to issue the company's first unsecured CBs and raise its capital. The CB issuance amount is planned to be NT$5 billion (around $165 million), while the raise in capital is expected to be NT$1 billion (around $33 million) by issuing 5.9 million new common shares.

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