2.8 Billion Yuan! CSG Top Glass Company to Raise Funds in A-Share for High-Purity Silicon Project

PVTIME – On June 22, CSG Holding Co.,Ltd.(000012.SZ), the largest architectural glass manufacturer in China mainly engaged in energy-saving glass, solar photovoltaic products and display devices, released an announcement on raising funds of no more than CNY 2.8 billion via A-share convertible corporate bonds, which will be used for the investment on high-purity silicon project, supplement working capital and debt repayment.

CSG stated in the announcement that the company would like to further expand and upgrade its production capacity by this particular project with an annual output of 50,000 MT of high-purity crystalline silicon to meet the quality and quantity requirement of n type solar cells in the market. Meanwhile, the company will take its own advantages in technology and experience to expand its business scale and enhance its overall competitiveness to step onto a higher stage in the new energy industry.