GCL-Poly generates another $349m towards paying down debt
The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.
GCL Poly subsidiary secures public backing for its operations in Xuzhou
A subsidiary of the poly maker and PV developer will commit more than $200 million of its cash to an investment fund which could then finance projects for one of its fellow GCL Poly Energy Holdings businesses.
