In a statement, the GCL-Poly Energy Holdings Limited subsidiary stated that the plant will cater solely to Goldpolys requirements. It is, however, unclear when construction will begin, when the wafers will be produced, or how much has been invested in the project.
Shu Hua, executive director and president of GCL-Poly explained that the move will allow GCL-Poly to extend its business coverage to Taiwan and other emerging South East Asian markets, "which is strategically important to GCL-Poly".
Ka So Yiu, executive director of Goldpoly added: "This joint venture matches the future expansion plan of Goldpoly, and further assures our raw material supply."
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