The China Post
Date: October 16, 2017
By: Jackson Chang, Chen Cehng-wei, Liao Yu-yang and Frances Huang
TAIPEI (CNA) – Three major Taiwanese solar cell makers on Monday announced a
Solar panels from Neo Solar Power Corp. are seen in this undated file photo at an unknown location in Taiwan. The company is part of three major Taiwanese solar cell makers which announced their merger for later this year during a press conference on Oct. 16, 2017. (NOWnews)
merger that will become the largest-ever deal of its kind in the Taiwan solar energy industry if it is completed.
Neo Solar Power Corp. (新日光), Gintech Energy Corp. (昱晶) and Solartech Energy Corp. (昇陽光電) held a news conference shortly after the stock market closed at 1:30 p.m. to say they have signed a letter of intent to push for a merger and create a company capitalized at NT$21.1 billion (US$701 million).
The three companies’ boards of directors have approved the deal, they said.
After the merger, the new company is expected to provide one-stop services from solar cell supply to back-end module production to strengthen its competitive edge in the global market, the companies said. [FULL STORY]
