Tongwei Proposes Acquisition of Lihao Clean Energy to Enhance Polysilicon Production
Tongwei has initiated a bid to acquire all equity of Lihao Clean Energy, a company focused on solar-grade polysilicon production. The acquisition aims to optimize Tongwei's industrial chain and enhance competitiveness without altering its controlling shareholder. Lihao Clean Energy, established in April 2021 with over RMB1 billion in registered capital, operates polysilicon facilities in Qinghai and Sichuan and plans significant investments in production capacity.
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Tongwei is pursuing the acquisition of all equity in Lihao Clean Energy, which specializes in solar-grade polysilicon and semiconductor materials. This move is intended to strengthen Tongwei's industrial chain and competitive position.
Lihao Clean Energy, founded on April 29, 2021, has a registered capital exceeding RMB1 billion and operates polysilicon production facilities in Qinghai and Sichuan, with plans for a RMB20 billion project to produce 200,000 tons of solar-grade polysilicon annually. Tongwei has signed letters of intent with three parties for the acquisition, including Lihao's chairman and two enterprise management partnerships.
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