Zhonghuan’s Subsidiary to Invest in 50GW G12 Factory

PVTIME – On January 24, Tianjin Zhonghuan Semiconductor Co., Ltd. (hereinafter referred to as Tianjin Zhonghuan) issued an announcement on providing guarantee for its subsidiary to apply for bank loans.

Ningxia Zhonghuan Solar Materials Co., Ltd. (hereinafter referred to Ningxia Zhonghuan), a wholly-owned subsidiary of Tianjin Zhonghuan, plans to apply for a loan of no more than RMB 7.48 billion from the bank, with a term of no more than 7 years, for the construction of a smart factory project for 50GW (G12) solar-grade monocrystalline silicon material. The loan is guaranteed by Tianjin Zhonghuan and is jointly and severally liable for its repayment when due.