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Shanghai Zhongping Guohao Asset Management Co Ltd

GCL Poly realizes swift $166m profit in Xuzhou to pay down debt

The polysilicon giant’s Jiangsu Zhongneng unit invested $196 million into a $487 million fund alongside public partners to promote clean energy manufacturing in the Chinese city. A stake sale in the Xinjiang GCL subsidiary, if approved by shareholders, will more than recoup the group’s outlay.

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