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
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]