Project News Details
Title
GCL reveals it lost 865 million shares in New Energy business over loan disagreement
Detail
The Chinese polysilicon manufacturer said it only discovered this month that the stock in its solar project division – which it had pledged to secure a $60 million loan which GCL says was never delivered – had been claimed by the lender a year ago, on the grounds the finance agreement had been breached.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Automobiles and Auto Parts Energy Construction Energy-Power and Electrical
Published Date
23.05.2021
Original Url
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