Gosenor Plans to Acquire 85% Equity Stake in Sichuan Apollo Solar to Create “Chinese Tellurium Valley”

PVTIME – Yesterday afternoon, Gosenor Technology Shares Co., Ltd (hereafter referred to as “the company”) formally signed a strategic cooperation agreement with United States’ Apollo Solar Energy Inc. (ASE) for the acquisition of an 85% equity stake in Sichuan Apollo Solar Science & Technology Co., Ltd. and the construction of a tellurium project in China.

Sichuan Apollo Solar Science & Technology Co., Ltd. is a wholly-owned subsidiary of Apollo Solar Energy Inc. ASE also holds a 35% equity stake in Chengdu Optoelecronic Materials Co., Ltd., a producer of CdTe (cadmium telluride) power generation glass with nearly 60 intellectual property rights, world leading research and production technology, the world’s first ultra large power generation glass production line, and access to tellurium resources.

Based on the needs of technological innovation, after the completion of this acquisition, the company will indirectly become the second largest shareholder of Chengdu Optoelectronic Materials, and will have absolute control of the rare mineral resources in China, creating conditions for establishing the “Chinese Tellurium Valley”. At the same time, this acquisition is also an important step in the transformation of the company’s financial technology and technology entities.