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GCL-Poly Energy Holdings Ltd (3800.HK)

3800.HK on Hong Kong Stock

0.52HKD
21 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Shanghai Electric Enters Framework Deal To Buy 51% Stake Of Unit Of GCL-Poly Energy
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>::ENTERS FRAMEWORK DEAL ON BUYING STAKE OF JIANGSU ZHONGNENG POLYSILICON TECHNOLOGY DEVELOPMENT CO WITH GCL-POLY ENERGY.CO CONTEMPLATING ACQUISITION OF 51% STAKE OF JIANGSU ZHONGNENG POLYSILICON TECHNOLOGY DEVELOPMENT.VALUATION OF 100% EQUITY INTEREST OF JIANGSU ZHONGNENG IS EXPECTED TO BE NO MORE THAN RMB25 BILLION.APPLICATION MADE TO HONG KONG STOCK EXCHANGE FOR RESUMPTION OF TRADING OF ITS H SHARES WITH EFFECT FROM 7 JUNE 2018.TRANSACTION IS PRELIMINARILY DETERMINED TO BE CONDUCTED THROUGH CONSIDERATION ISSUE OF A SHARES AND CASH PAYMENT BY CO.  Full Article

GCL-Poly Energy Says Golden Concord Entered MoU With Softbank Vision Fund For India JV
Monday, 2 Apr 2018 

April 2 (Reuters) - GCL-Poly Energy Holdings Ltd ::GOLDEN CONCORD ENTERED MOU WITH SOFTBANK VISION FUND TO ESTABLISH JV TO SET UP SOLAR PHOTOVOLTAIC MANUFACTURING FACILITY IN INDIA.TOTAL INVESTMENT FOR JV WILL BE ABOUT $930 MILLION.  Full Article

GCL-Poly Energy Holdings Posts FY ‍Profit Attributable Of RMB1.97 Bln
Thursday, 15 Mar 2018 

March 15 (Reuters) - GCL-Poly Energy Holdings Ltd <3800.HK>::FY ‍ PROFIT FOR YEAR ATTRIBUTABLE TO OWNERS OF CO RMB1,974.4 MILLION VERSUS RMB2,029.4 MILLION​.FY REVENUE FROM CONTINUING OPERATIONS RMB ‍23,794.5​ MILLION VERSUS RMB22,024.5 MILLION.  Full Article

Gcl New Energy Enters Ruicheng Finance Lease Agreements With Cinda Financial Leasing
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Gcl New Energy Holdings Ltd <0451.HK>::CINDA FINANCIAL LEASING SHALL PURCHASE RUICHENG LEASED ASSETS FROM RUICHENG GCL AT A CONSIDERATION OF RMB450 MILLION.‍CINDA FINANCIAL LEASING, AS LESSOR, SHALL LEASE RUICHENG LEASED ASSETS TO RUICHENG GCL, FOR 8 YEARS AT RMB551.5 MILLION​.  Full Article

Gcl-Poly Energy ‍Announces Updates On Possible Spin-Off Of Solar Material Business​
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Gcl-Poly Energy Holdings Ltd <3800.HK>::‍ANNOUNCES PRELIMINARY DISCUSSION WITH POTENTIAL INVESTORS AND POSSIBLE SPIN-OFF AND SEPARATE LISTING OF SOLAR MATERIAL BUSINESS​.  Full Article

GCL New Energy says ‍GCL System Integration looks to buy stake in co
Friday, 24 Nov 2017 

Nov 24 (Reuters) - GCL New Energy Holdings Ltd <0451.HK>::‍GCL System Integration Technology as purchaser, Haitong International New Energy VIII and Sum Tai enter framework agreement.Under agreement, ‍GCL System Integration to potentially buy 10.01 percent of total issued shares of co.‍Expects definitive sale and purchase agreement to be entered into by vendors and GCL System Integration on or before 15 Dec 2017​.  Full Article

GCL-Poly Energy says ‍unit to supply wafer products to GCL System Integration Entities
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Gcl-poly Energy Holdings Ltd <3800.HK>::‍Unit GCL-Poly Suzhou to supply wafer products to GCL System Integration entities from Jan 1, 2018 to Dec 31, 2018​.Under framework agreement, estimated total quantity of wafer products to be supplied during term is 650 million pieces​.  Full Article

GCL System in deal to buy polysilicon from GCL-Poly Energy's unit
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - GCL System Integration Technology Co Ltd <002506.SZ>:Says it signs agreement to buy up to 3.59 billion yuan ($541.27 million) worth of polysilicon from GCL-Poly Energy Holdings Ltd's <<<3800.HK>>> subsidiary.  Full Article

Gcl New Energy to establish investment fund with Taiping Financial
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Gcl New Energy Holdings Ltd <0451.HK>:Announces ‍co-operation framework agreement for establishment of investment fund with Taiping Financial Holdings​.‍Taiping Financial or its affiliates will lead establishment of investment fund with fund size of about HK$8.00 billion​.Establishment of fund to invest in GNE by way of subscription of new GNE shares and convertible bonds​.  Full Article

GCL New Energy enters lease agreements with Cinda Financial Leasing​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - GCL New Energy Holdings Ltd <0451.HK>:group entered into Huarong finance lease agreements, with Cinda Financial Leasing​.‍cinda Financial Leasing shall purchase from Xi'an Datang Electric Huarong leased assets at a consideration of rmb554.6 million.  Full Article

GCL-Poly to sell 51 percent stake in unit to Shanghai Electric

HONG KONG GCL-Poly Energy Holdings Ltd said it would sell a 51 percent stake in a photovoltaic developing unit to industrial equipment maker Shanghai Electric Group Co Ltd at a price yet to be determined.