Xinte Energy to invest Rmb4.1bn in polysilicon project
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Xinte Energy (01799) said it plans to invest Rmb4,065 million in a 36,000-ton-per-annum highpurity polysilicon production upgrade project. The company intends to introduce investors and jointly establish a project company for the implementation of the project. The planned registered capital of the project company is Rmb1,200 million. Xinte Energy plans to contribute to around 70% of the registered capital of the project company. The project is expected to increase Xinte Energy's total annual polysilicon production capacity to 66,000 tons. |
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